435 W Sanilac Ave - Freestanding FOR SALE
Sandusky, MI 48471 |
$1,128,000 USD
561-427-6699
435 W Sanilac Ave
Sandusky, MI 48471
HIGHLIGHTS
- Corporate Lease with Advance Auto which operates over 4,700 stores in the US and Canada
- Advance Auto recently reported EPS higher than expected and reaffirmed it's full year guidance
- High profile free-standing building on large parcel located along primary retail thoroughfare
- 9.0% going in CAP Rate
- NN lease with minimal landlord maintenance obligations provides passive ownership for out of state investor
- Fee simple ownership allows for depreciation of the building boosting after tax returns
FOR SALE DETAILS
PRICE
$1,128,000 USD
PRICE/SF
$161 USD /SF
CAP RATE
9%
% 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
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.26 AC
LAND SF
54,886 SF
ZONING
-
APN/PARCEL ID
320-155-000-005-00
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561-427-6699
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561-427-6699
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