140 Caroline St - Freestanding FOR SALE
Orange, VA 22960 |
$1,678,620 USD
646-216-8104
140 Caroline St
Orange, VA 22960
HIGHLIGHTS
- This lease is guaranteed by Advance Auto Parts which operates over 4,786 locations worldwide.
- In 2024, the tenant exercised a lease extension for a period of 5 years running through 2030 with three, five-year options and 5% increases.
- This further demonstrates the tenant’s commitment to the site and offers the owner renewed confidence in the business operation.
- Strategically positioned in the heart of Orange along Route 15, the asset sees over 13,000 vehicles per day.
FOR SALE DETAILS
PRICE
$1,678,620 USD
PRICE/SF
$246 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
TTC TRAD T
APN/PARCEL ID
044-A4-00-16-0012-0
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646-216-8104
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646-216-8104
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