311 W Fort Williams St - Freestanding FOR SALE


Sylacauga, AL 35150
$928,000 USD
332-345-4222
311 W Fort Williams St, Sylacauga, AL for Sale
$928,000 USD
Freestanding - FOR SALE
1/3
null | 7.5% Cap Rate

311 W Fort Williams St
Sylacauga, AL 35150


HIGHLIGHTS

  • Extremely Long Operating History
  • Attractive R/SF & P/SF
  • Recession Resistant Business Due to Non Discretionary Nature of Services
  • Corporate Guarantee from Advance Stores Company Inc.

OVERVIEW

Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 311 W Fort Williams Street, Sylacauga, AL 35150. The site consists of roughly 8,075 rentable square feet of building space on an estimated 0.83-acre parcel of land. This Advance Auto Parts is subject to a 10 Years-year Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $69,600 and has scheduled increases of 26% in next option period.

FOR SALE DETAILS

PRICE

$928,000 USD

PRICE/SF

$115 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

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C

APN/PARCEL ID

27-09-32-2-007-004.000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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