404 N 5th Ave - Freestanding FOR SALE


Manchester, GA 31816
$850,000 USD
407-929-1355
404 N 5th Ave, Manchester, GA for Sale
$850,000 USD
Freestanding - FOR SALE
1/5
null | 7.06% Cap Rate

404 N 5th Ave
Manchester, GA 31816


HIGHLIGHTS

  • Recent Lease Renewal: Tenant recently extended the lease through December 31, 2036, showing long term commitment to this established location.
  • Stable Cash Flow: Tenant pays $60,000 annually, with no Landlord responsibility to taxes, insurance, and CAM.
  • Below Replacement Cost: Priced well below current replacement cost, offering an attractive entry point.
  • Recent Improvements: Parking lot was re-sealed and re-striped in 2023. Full work up of HVAC unit in 2022, and a new roof in 2017.
  • 20+ Year Operating History: This store has operated successfully for over two decades, demonstrating strong performance and long term commitment.
  • Proximity to Key Roadways: Minutes from U.S. Highway 80, providing connectivity to Columbus and regional traffic flow.

OVERVIEW

Marcus & Millichap is pleased to present this Corporate guaranteed Advance Auto Parts. This 7,000 SF freestanding building is offered at $850,000, with a 7.06% Cap Rate. An attractive $121.43/SF, which is well below current replacement cost. Advance Auto Parts recently extended its lease through December 31, 2036, demonstrating long term commitment to this established location. The tenant pays $60,000 in annual rent and is responsible for taxes, insurance, CAM, and all interior nonstructural maintenance, while also covering 50% of HVAC replacement, resulting in minimal landlord responsibilities and dependable cash flow. The store has operated successfully for over 20 years, highlighting strong historical performance and durable tenant demand. The property is strategically positioned along North 5th Avenue, a primary commercial corridor serving Manchester and the surrounding trade area, with convenient access to U.S. Highway 80, providing connectivity to Columbus and regional traffic patterns. As one of the few national auto parts retailers in the immediate market, the location benefits from limited local competition and consistent customer demand driven by surrounding residential neighborhoods and community oriented uses. This offering presents investors with the opportunity to acquire a single tenant asset featuring long term lease security, a landlord friendly expense structure, and a proven operating history at an attractive entry point.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

001

APN/PARCEL ID

MA11-234

ASK ABOUT THIS PROPERTY

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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