Advance Auto Parts Leased Investment Property

Description:
Highlights: - Advance Auto Parts Leased Investment - 8% Cap Rate - Advance Auto Parts - S&P BB+ Rating - 15 Year NNN Lease - New Construction - Built in 2008 Description: This offering represents the opportunity to own a fee simple interest in a property leased to Advance Auto Parts. Built in 2008, this is a 7,000sf free standing building strategically located less than a mile from downtown Cheyenne. Advance Auto Parts (S&P BB+ rating) is one of America's leading retailers with over 3,400 stores nationwide and over $5 billion in annual sales. Cheyenne is located near the geographical and time center of North America. Strategically situated at a major transportation hub (the intersection of Interstates 25 and 80 and two major railroads), it is a developing center of commerce. Only 90 minutes north of Denver, Colorado, Cheyenne sits as the northern anchor city of the Front Range of the Rocky Mountains. Cheyenne is the capital of Wyoming, the seat of Laramie County, and the site of F.E. Warren Air Force Base.
Members profile:
Advertised by:	Mike Eyer (click here to see full profile)
	Grade Mike Eyer
Email:	mike.eyer@svn.com
Ad Details
Garage Spaces (put 0 if this does not apply)	3.00
Auto Use Allowed	Yes
Property is	For Sale
Parking Spaces Outside	50
Price	$1,602,691 USD
Price Information:	Net Lease Investment with 10+ years left on lease
Buildings & Land
Property Name	Advance Auto Parts
Property Types	Vehicle Related, Retail
Land Types	Retail
Size & Value
Bldg. Size (Sq. Ft.)	7,000
Price/Sq. Ft.	228.96
Cap Rate	8%
Lot/Parcel Size	38,558
Use & Status
Best Property Use	This is an investment property
Zoning	Free Standing Bldg
For Sale at Auction
Auction Sale?	No
Unique Sale Issues
Type of Sale	Real Estate Agency Sale
Lease Information
Is this space available for lease?	Yes
Tenants with Current Leases	Yes
Net Operating Income	1,282,153
Occupancy (in %)	100%
Lease Type	NNN
In front of website you must input http://
Website	http://www.showcase.com/b/Commercial-Real-Estate/Mike-Eyer/4082457#...
Location
Address	1109 E Lincolnway
City	Cheyenne
State	WY
Postal Code	82001
Country	USA
Call Me!
Phone	(970) 488-3192
Ad id:	7591926
Ad views:	258
Current rating	Grade
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