Advance Auto Parts Available For Sale
420 Chesterfield Highway, Cheraw, SC
$541,935
Price
7.75%
Cap Rate
$42,000
NOI
Overview
Description
● Low Rent PSF - Tenant paying only $7.00 per square foot.
● Strong Performing Store – Placer Ai ranks this Advance in the 95th percentile nationally and ranks #6 in the state of South Carolina.
● Defensive Product – Auto Parts sales tend to do just as well, if not better, in economic downturns and was deemed an essential retailer during the pandemic.
● Long Term Operating History - Advance has operated successfully at this location since 1990 and exercised multiple options with rental increases. Showing their loyal commitment to this location.
● Traffic Counts - Chesterfield Highway sees over ±13,900 VPD.
● Advance Auto Parts has been in business for 88 years and has a current net worth of $3.7 Billion.
● Transferable Roof Warranty - Building has a TPO roof coating system warranty through 2029.
Documents
Title | ||
---|---|---|
Offering Memorandum
|