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PRICE REDUCTION: Advance Auto Parts
20+ Year Operating Histories - Low Rents - Low Price Points
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Investment Highlights
• Proven location operating since 1998 - Lease renewed several times
• Low rent/sf ($11.80) - Healthy occupancy cost - Smaller AAP footprint at 5,675sf
• Immediate proximity to 24 Walmart Supercenter & Home Depot - Surrounded by student housing
• NN lease with minimal landlord responsibilities
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Asking Price: $840,000
Cap Rate: 7.97%
NOI: $66,960
Term: ~5 1/2 years remaining
Options: (2) 5 year options with 5% rental increases
*Low $162.82/sf! Good Residual Value!
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OM AAP Bowling Green, OH
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Investment Highlights
• Proven location operating since 1998 - Lease renewed several times
• Low rent/sf ($11.14) - Healthy occupancy cost
• Located at a signal with 34,616 cars per day - surrounded by national tenants
• NN lease with minimal landlord responsibilities
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Asking Price: $950,000
Cap Rate: 8.21%
NOI: $78,000
Term: ~4 1/2 years remaining
Options: (2) 5 year options with 5% rental increases
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OM AAP Muncie, IN
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