SOLD: Advance Auto Parts Building for sale in Lawton, OK
This ad is marked as Sold
Description: |
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| SOLD IN JUNE 2015!! The subject offering is a fee simple interest in a net leased Advance Auto Parts. It is a 20 year lease signed in 2005. The asset is located on a major commercial thoroughfare, surrounded by retailers including CVS Pharmacy, Burger King, McDonalds and Walgreens. There are three 5 year renewal options with a 5% rent increase at each option period. This is an ideal opportunity for a passive investor looking for a long-term stable investment with minimal landlord responsibilities. Asking Price: $1,573,000 6.40% CAP ◾ 10+ Year Net Leased Offering ◾ Rent Increases 5% at Each Option ◾ Advance Auto Parts Corporate Guaranty - NYSE: AAP ◾ S&P Rated BBB- Investment Grade Credit ◾ Located on a Major Commercial Thoroughfare ◾ Third Largest City in the State of Oklahoma ◾ Fortune 500 Company The city of Lawton is the county seat of Comanche County, in the State of Oklahoma. Located in southwestern Oklahoma, about 87 miles southwest of Oklahoma City, it is the principal city of the Lawton, Oklahoma Metropolitan Statistical Area. According to the 2010 census, Lawton’s population was 96,867, making it the fifth-largest city in the state of Oklahoma. Recreation can be found at the city’s many parks, lakes, museums, and festivals. Notable residents of the city include many musical and literary artists, as well as several professional athletes. |
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Members profile: |
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| Advertised by: | The Kase Group - Jacob Abusharkh (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| Parking Spaces Outside | 25 |
| Property is | Sold |
| Auto Use Allowed | Yes |
| Garage Spaces (put 0 if this does not apply) | 0.00 |
| Price Info | SOLD IN JUNE 2015 |
| Price: | $1,573,000 USD |
Buildings & Land |
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| Property Name | Advance Auto Parts |
| Property Types | Retail, Vehicle Related |
| Land Types | Retail |
Size & Value |
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| Bldg. Size (Sq. Ft.) | 7,000 |
| Cap Rate | 6.40% |
| Lot/Parcel Size | 0.64 Acres |
Use & Status |
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| Best Property Use | Currently Occupied, This is an investment property |
Website |
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| Website | http://thekasegroup.com/properties/details.php?id=788 |
Location |
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| Address | 1001 Southwest Lee Boulevard |
| City | Lawton |
| State | OK |
| Postal Code | 73501 |
| Country | USA |
Call Me! |
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| Phone | Sign in to see details |
| Ad id: | 76973153 |
| Ad views: | 10838 |