215 5th St - Auto Dealership FOR SALE


Beverly, OH 45715
$1,173,333 USD
310-425-3377
215 5th St, Beverly, OH for Sale
$1,173,333 USD
Auto Dealership - FOR SALE
1/12
null | 6.75% Cap Rate

215 5th St
Beverly, OH 45715


HIGHLIGHTS

  • New Five-Year Extension, Demonstrating strength of location in AAP system
  • 11+ years left on NN Lease
  • Corporate Guaranteed Lease
  • Price per Square Foot under $175
  • 2015 Build to Suit Construction
  • Limited Landlord Responsibilities - Roof, Structure, HVAC

OVERVIEW

SVN is pleased to present the opportunity to purchase the single-tenant net-leased Advance Auto Parts property located in Beverly, Ohio. Advance Auto Parts has been operating at this location since 2015, and recently extended the lease, demonstrating commitment to the site. The lease currently runs through December 2035 and features 5% rent increases through five, 5-year options. This is the only national automotive aftermarket parts retailer in a 15 mile radius. 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 over4,700 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

$1,173,333 USD

PRICE/SF

$170 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

3700-76648-000,3700-78460-000,3700-78464-000,3700-78728-000,3700-78732-000,3700-78908-000,3700-78910-000,3700-78914-000,3700-79404-000

ASK ABOUT THIS PROPERTY

Josh SnyderSVN | Rich Investment Real Estate PartnersMore Info
310-425-3377

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Josh SnyderSVN | Rich Investment Real Estate PartnersMore Info
310-425-3377

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