SOLD: Advance Auto Parts Commercial Property
This ad is marked as Sold
Description: |
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| SOLD -- OFF THE MARKET Highlights: - Advance Auto Parts Leased Investment - 8% Cap Rate - Advance Auto Parts - S&P BB+ Rating - 15 Year NNN Lease - New Construction - Built in 2008 Description: This offering represents the opportunity to own a fee simple interest in a property leased to Advance Auto Parts. Built in 2008, this is a 7,000sf free standing building strategically located less than a mile from downtown Cheyenne. Advance Auto Parts (S&P BB+ rating) is one of America's leading retailers with over 3,400 stores nationwide and over $5 billion in annual sales. Cheyenne is located near the geographical and time center of North America. Strategically situated at a major transportation hub (the intersection of Interstates 25 and 80 and two major railroads), it is a developing center of commerce. Only 90 minutes north of Denver, Colorado, Cheyenne sits as the northern anchor city of the Front Range of the Rocky Mountains. Cheyenne is the capital of Wyoming, the seat of Laramie County, and the site of F.E. Warren Air Force Base. |
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Members profile: |
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| Advertised by: | Mike Eyer (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| Parking Spaces Outside | 50 |
| Property is | Sold |
| Auto Use Allowed | Yes |
| Garage Spaces (put 0 if this does not apply) | 3.00 |
| Price Info | Net Lease Investment with 10+ years left on lease |
| Price: | $1,602,691 USD |
Buildings & Land |
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| Property Name | Advance Auto Parts |
| Property Types | Vehicle Related, Retail |
| Land Types | Retail |
Size & Value |
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| Bldg. Size (Sq. Ft.) | 7,000 |
| Price/Sq. Ft. | 228.96 |
| Cap Rate | 8% |
| Lot/Parcel Size | 38,558 |
Use & Status |
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| Best Property Use | This is an investment property |
| Zoning | Free Standing Bldg |
For Sale at Auction |
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| Auction Sale? | No |
Unique Sale Issues |
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| Type of Sale | Real Estate Agency Sale |
Lease Information |
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| Is this space available for lease? | Yes |
| Tenants with Current Leases | Yes |
| Net Operating Income | 1,282,153 |
| Occupancy (in %) | 100% |
| Lease Type | NNN |
Location |
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| Address | 1109 E Lincoln Way |
| City | Cheyenne |
| State | WY |
| Postal Code | 82001 |
| Country | USA |
Call Me! |
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| Phone | (970) 488-3192 |
| Ad id: | 7591926 |
| Ad views: | 10034 |