1740 Scottdale Road - Freestanding FOR SALE


Benton Harbor, MI 49022
$1,500,000 USD
847-562-8500
1740 Scottdale Road, Benton Harbor, MI for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/3
null | 7.25% Cap Rate

1740 Scottdale Road
Benton Harbor, MI 49022


HIGHLIGHTS

  • Limited landlord responsibility – Structure only
  • Over 7 years remain on the primary lease term
  • Located along Scottdale Road (M-139) (14,500 VPD)
  • Proximity to Interstate 94 (63,600 VPD) – Connecting Chicago to Detroit
  • Surrounded by top retailers including Walmart Supercenter, Lowe’s, The Home Depot, Meijer, Walmart, T.J. Maxx, PetSmart, & more
  • Over 49,000 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Advance Auto Parts property located in Benton Harbor, Michigan. Advance Auto Parts has been operating at this location since 2017 demonstrating commitment to the site. The lease currently runs through November 2032 and features 5% rental escalations in each of the three 5-year renewal options. The landlord responsibilities are limited to structure. The 7,973 square-foot building bene?ts from its position along Scottdale Road (M-139) which experiences over 14,500 vehicles per day. The property is placed in a diverse retail corridor with top tenants including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Meijer, T.J. Maxx, PetSmart, and many others. The subject is also just minutes from Interstate 94 (63,600 VPD) which connects Chicago to Detroit. There are over 49,000 people living within a ?ve-mile radius, those of which earn an average household income of $91,387. Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. Founded in 1932 and headquartered in Raleigh, North Carolina, the company operates over 4,700 stores and 150 Worldpac branches in the United States, Canada, Puerto Rico, and the Virgin Islands. Advance Auto Parts offers a comprehensive selection of automotive products, including replacement parts, batteries, accessories, and maintenance items.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$187 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

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

11-03-0031-0040-36-0

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.