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ADVANCE AUTO PARTS | NORTH CHESTERFIELD (RICHMOND), VIRGINIA

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
Four (4) - Five (5) Year
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

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