3701 I-75 Business Spur - Auto Dealership FOR SALE
Sault Sainte Marie, MI 49783 |
$1,020,250 USD
843-510-0551
3701 I-75 Business Spur
Sault Sainte Marie, MI 49783
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
- Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
- Within a 3-Mile Radius, Sault Sainte Marie Features a Demographic Profile of 4,786 Residents With an Average Household Income of $94,878
- 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)
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 3701 I-75 Business Spur in Sault Sainte Marie, MI. 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: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$1,020,250 USD
PRICE/SF
$146 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Sault Sainte Marie, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
ADD'L SUBTYPES
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
27
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
C
APN/PARCEL ID
-
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843-510-0551
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843-510-0551
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