ADVANCE AUTO PARTS | NORTH CHESTERFIELD (RICHMOND), VIRGINIA



INVESTMENT SUMMARY

Purchase Price
$1,679,000

Location
6730 Hull Street Rd

Cap Rate
7.00%

Annual Rent
$117,536.04

Building Size
8,075 SF

Land Area
1.158 Acres

Ownership
Fee Simple

Lease Type
NN+

Term Remainning
5.25 Years

LEASE EXPIRATION
12/31/2030

Renewal Options

RENT INCREASES
10% at Options

Parking
43 Spaces

Year Built
1995

APN
767698629100000

Traffic Counts
41,771 VPD
INVESTMENT HIGHLIGHTS
ADVANCE AUTO PARTS CORPORATE LEASE:
- 5.25 Years of Guaranteed Lease Term (Lease Exp: 12/31/2030)
- 8,075 SF Building - 1.158 Acre Parcel
- Four (4) - Five (5) Year Renewal Options
NN+ LEASE:
- Landlord Responsibilities Limited to Roof & Parking Lot
- Brand New TPO Roof Installed in October 2022 (Still Under Warranty)
- Tenant Responsible for Repair/Replacement of HVAC System
HIGH QUALITY CONSTRUCTION:
- Four-Sided Split-Face Concrete Masonry
STRONG PLACER DATA:
- Annual Store Visits = 61,400
- Nationwide Ranking = Top 21% (792 out of 3,927 Stores)
- Statewide Ranking = Top 37% (74 out of 201 Stores)
- Local Ranking (15-Mile Radius) = Top 27% (7 out of 23 Stores)
PROXIMITY FROM NORTH CHESTERFIELD, VA:
- Richmond, VA | 10 Miles
- Norfolk, VA | 100 Miles
- Alexandria, VA | 110 Miles
- Washington, D.C. | 115 Miles
- Baltimore, MD | 154 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 9,273 Residents
- 1-Mile Average Household Income: $79,622
- 3-Mile Population: 78,301 Residents
- 3-Mile Average Household Income: $86,217
- 5-Mile Population: 191,274 Residents
- 5-Mile Average Household Income: $97,993
- 7-Mile Population: 356,905 Residents
- 7-Mile Average Household Income: $112,964