Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in an Advance Auto Parts located at 505 South Main Street, Lexington, North Carolina (“Property” or “Asset”). Advance Auto Parts is operating on an NN lease with limited landlord responsibilities, including 3.7 years of remaining term and one, five-year renewal option with a 5% rent escalation. The tenant's commitment to the location is demonstrated by their 21-year operational history at the site and their current position in their second renewal option.

This offering presents investors with an exceptional opportunity to acquire an asset providing secure cash flow, backed by a leading national automotive parts retailer.

Broker of Record: Pete Pittroff License #: 23027

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Attributs

Prix demandé

2 365 000 $

RNI

174 000 $

Taux de capitalisation

7,35 %

Type de bail

Bail net (N/NN/NNN)

Durée restante du bail

3.7 années

Année de construction

2004

Superficie du bâtiment nette

650 mètres carrés

Média

Points forts de l'investissement

Strong tenancy with 4,300+ locations nationwide
21+ Years of operational history
Rental escalations every 5-years
Minimal landlord responsibilities
Lexington's historically low retail vacancy rate 1.2%
30% Rent growth in the Lexington retail market since 2020
Population of ±40,000 within a 5-mile radius, demonstrating 7% growth since 2010
10% Daytime population increase within 5-miles
Signalized intersection with direct accessibility to 13,000+ VPD