Advance Auto Parts for Sale in Middle River, MD
Middle River, MD
Key Investment Metrics
Price
$2,189,675
Cap Rate
6.2%
Net Operating Income
$134,665
Building Size
6982 SF
Land Area
0.54 Acres
Remaining Term
9.5 years
Lease Expiration
12/31/2035
Lease Term
15 years
Lease Commencement
12/08/2016
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2016
Occupancy
100%
Tenancy
Single
Rent Increases
10.44% in O1 and 5% in O2 & 3
AI illustration · Not the listed propertyProperty overview
Advance Auto Parts in Middle River
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 6,982 SF
- Land area
- 0.54 acres
- Year built
- 2016
- Lease type
- NNN
- Lease expiration
- 12/31/2035
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.