For sale Advance Auto Parts. For more information, please contact the listing agent, Ken Guerrero (949) 942-1308 Ken@vantiscap.com

Posted: 04/11/2020 8:14 am | On HOMEiZ: 1483 days | Updated: 4 years ago | Views: 822

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$771000

Last Sold Price

$ N/A

Last Sold Date

04/08/2020

Total Lot Size

0.61 Acres

Asking Price per Sq. Ft.

$119

Total Building Size Sq. Ft.

6500

Commission Split %

Contact listing agent%

Cap Rate %

Gross Annual Income

Net Operating Income

$53970

Gross Rent Multiplier

0.00

Annual Property Tax Rate for this property

1.213%

Property tax total amount

$9352

Property Location & Description

Listing Headline

For sale Advance Auto Parts. For more information, please contact the listing agent, Ken Guerrero (949) 942-1308 Ken@vantiscap.com

Property Description

Rare Absolute NNN – This lease is completely hands-off which is incredibly rare for this tenant. Most leases have at least structure as a landlord responsibility - Low Rent – This location is only paying around $8.3 psf which is well below the national average for Advance Auto Parts - Commitment to the Location – Advance Auto Parts has been at this location for 25 years and extended the lease by more term than what was written in the option in 2015 - Centralized Location – This property is strategically situated in the center of town right off the main highway with national tenants surrounding this site - Do It Yourself Consumers – This store is located in a market that supports high retail sales for auto parts

Location Description

Fremont, OH

APN / Parcel ID

34-50-00-1741-00

Occupancy %

100%

Construction Type

Other

No. Stories

Year Built

1995

Overall Property Condition

Very good

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

Assigned Parking

Investment Overview

Type of use

Investor

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Not in MLS

Listing Info

Listing ID: 2261

Sold

For Sale

$771,000

Listing Presented by

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619 East State Street . Fremont , OH 43420