625 Second St - Freestanding FOR SALE


N Wilkesboro, NC 28659
$1,158,621 USD
714-336-4737
625 Second St, N Wilkesboro, NC for Sale
$1,158,621 USD
Freestanding - FOR SALE
1/2
null | 7.25% Cap Rate

625 Second St
N Wilkesboro, NC 28659


HIGHLIGHTS

  • High-Performing, Legacy Store
  • Corporate Guaranty
  • Recent Tenant Extension
  • Below-Market Rent Structure

OVERVIEW

Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 625 2nd Street, North Wilkesboro, NC 28659. The site consists of roughly 8,075 rentable square feet of building space on an estimated 1.05-acre parcel of land. Advance Auto Parts is subject to a 41-year Double Net (NN) lease, which commenced 2.27.1995. The current annual rent is $84,000 and has scheduled increases of 5.7% In 2032.

FOR SALE DETAILS

PRICE

$1,158,621 USD

PRICE/SF

$143 USD /SF

CAP RATE

7.25%

% 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

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C

APN/PARCEL ID

1405162

ASK ABOUT THIS PROPERTY

Cade KearnSurmountMore Info
714-336-4737

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

Cade KearnSurmountMore Info
714-336-4737

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