14911 State Route 58 - Auto Dealership FOR SALE
Oberlin, OH 44074 |
$1,609,503 USD
14911 State Route 58
Oberlin, OH 44074
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, Oberlin Features a Demographic Profile Hosting 10,284 Residents With an Average Household Income of $87,919
- 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)
- The On-Demand Need For Parts And High Shipping Costs Make Retail Auto Parts A Recession- And E-Commerce-Proof Essential Business
OVERVIEW
We Are Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 14911 State Route 58 in Oberlin, OH. 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 ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$1,609,503 USD
PRICE/SF
$230 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Oberlin, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.77 AC
LAND SF
77,101 SF
ZONING
C
APN/PARCEL ID
14-00-016-000-018
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