DARK ADVANCE AUTO PARTS | EUFAULA, ALABAMA
INVESTMENT SUMMARY
Purchase Price
$1,000,000
Location
1205 S Eufaula Ave
Cap Rate
8.00%
Annual Rent
$80,000.04
Building Size
6,805 SF
Land Area
1.68 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
4.9 Years
LEASE EXPIRATION
2/28/2030
Renewal Options
RENT INCREASES
12% at Option
Parking
34 Spaces
Year Built
2005
APN
2403054002018.003 & 2403054002018.004
Traffic Counts
27,754 VPD
INVESTMENT HIGHLIGHTS
ADVANCE AUTO PARTS CORPORATE LEASE:
- 4.9 Years of Guaranteed Lease Term Remaining
- Lease Expiration Date = February 28, 2030
DARK BUILDING:
- Dark Building
- The Subject Property is Currently Dark and Advance Auto Parts is Still Obligated to Pay Rent Through February 28, 2030
- Nearly $386,666 in Guaranteed Remaining Rent Obligations
BUILDING:
- 6,805 SF Building
- 2005 Build-to-Suit Construction for Advance Auto Parts
LARGE LOT SIZE:
- Parcel #2403054002018.003 = 48,787 SF (1.12 Acres)
- Parcel #2403054002018.004 = 24,394 SF (0.56 Acres)
- Total Land = 73,181 SF (1.68 Acres)
AMPLE PARKING:
- 34 Parking Stalls
HIGH QUALITY CONSTRUCTION:
- Four-Sided Split-Face Concrete Masonry
NNN LEASE:
- Tenant Responsible for Roof, Parking Lot and HVAC
- Tenant Reimburses Property Taxes in Full
