2820 S Business Dr - Freestanding FOR SALE


Sheboygan, WI 53081
$1,143,335 USD
312-548-6822
2820 S Business Dr, Sheboygan, WI for Sale
$1,143,335 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

2820 S Business Dr
Sheboygan, WI 53081


HIGHLIGHTS

  • Long-Term Occupancy
  • Corporate Lease
  • Rent Increases
  • Minimal Landlord Responsibilities
  • Strategic Location
  • Recession & E-Commerce Resistant Tenant

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2820 South Business Drive in Sheboygan, Wisconsin (the “Property”). Constructed in 2003, Advance Auto Parts has been at this location for 22 years and has extended their lease and exercised a renewal option, demonstrating their commitment to the site and the market. Advance Auto Parts has 3+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. The Property is situated on a highly visible corner parcel along S Business Drive (WI Route 28), the area’s primary commercial and commuter corridor. Advance Auto Parts is a pad site to a Piggly Wiggly anchored shopping center and enjoys outstanding visibility and frontage and is surrounded by national and local retailers and restaurants that drive traffic to the area. Located in the southern end of Sheboygan, the Property is close to Lake Michigan and South Shore Beach and is seconds from densely populated residential areas that provide a captive customer base. The Property is convenient to HSHS St Nicholas Hospital, the University of Wisconsin Breen Bay-Sheboygan Campus, several large manufacturing and distribution facilities, and Interstate 43. Sheboygan is located on the shores of Lake Michigan approximately 60 miles south of Green Bay and 55 miles north of Milwaukee. ANDREW O’CONNELL WI BROKER LICENSE #: 60144-90

FOR SALE DETAILS

PRICE

$1,143,335 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

MER

APN/PARCEL ID

59281431736

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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