Advance Auto Parts for Sale in Ludington, MI
Ludington, MI
Key Investment Metrics
Price
$933,335
Cap Rate
6.8%
Net Operating Income
$63,000
Building Size
7000 SF
Land Area
1.49 Acres
Remaining Term
10.5 years
Lease Expiration
12/31/2036
Lease Term
35.6 years
Lease Commencement
05/22/2001
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2000
Tenancy
Single
Rent Increases
In Option Periods
AI illustration · Not the listed propertyProperty overview
Advance Auto Parts in Ludington
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,000 SF
- Land area
- 1.49 acres
- Year built
- 2000
- Lease type
- NN
- Lease expiration
- 12/31/2036
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.