1206 The Blvd - Freestanding FOR SALE
Rayne, LA 70578 |
$826,993 USD
843-517-8165
1206 The Blvd
Rayne, LA 70578
HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Within a 3-Mile Radius, Rayne Features a Demographic Profile Hosting 9,490 Residents With an Average Household Income of $63,422
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- High Local Demand And Costly Shipping Make Auto Parts Retail An Essential, E-Commerce- And Recession-Proof Business.
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 1206 The Boulevard in Rayne, LA. This Deal Includes a Lease Which is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's, and $9.1 Billion in Annual Sales For 2024, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-AC
FOR SALE DETAILS
PRICE
$826,993 USD
PRICE/SF
$118 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Rayne, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,977 SF
ZONING
-
APN/PARCEL ID
0170183200
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843-517-8165
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843-517-8165
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