Advance Auto Parts - Net Lease Property for Sale
Ludington, MI
Key Investment Metrics
Price
$933,335
Cap Rate
6.8%
Net Operating Income
$63,000
Building Size
7000 SF
Lot Size
7,000 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
About This Advance Auto Parts Net Lease Property
This Advance Auto Parts NNN (triple net lease) property is located in Ludington, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 7000 square feet of building space and was built in 2000.
With a cap rate of 6.8%, this Advance Auto Parts net lease property offers stable income potential. The asking price is $933,335, making it an attractive option for 1031 exchange investors seeking quality Advance Auto Parts commercial properties.
Why Invest in Advance Auto Parts NNN Properties?
- Stable Income: Advance Auto Parts net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Advance Auto Parts is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Ludington, MI Market Overview
Located in Ludington, MI, this Advance Auto Parts property benefits from strong local demographics and market fundamentals. The Ludington area offers excellent visibility and accessibility, making it an ideal location for Advance Auto Parts operations and a solid investment for net lease property buyers.