Advance Auto Parts | 2001 S Madison St
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Advance Auto Parts 2001 S Madison St
7,000 SF Retail Building Muncie, IN 47302 $1,003,024 CAD ($143.29 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease new 5 year Extension
- Stable Indiana location
- Low Price Point
EXECUTIVE SUMMARY
Well located Advanced Auto Net Leased property in Muncie IN. 7000 square foot building built for Advanced Auto. Recent lease extension for five years. 7.25 Cap rate on rents of $50,400 per year. Well maintained building with plenty of parking. Located just south of CVS and Walgreens in a strong retail corridor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
1988
Price
$1,003,024 CAD
Price Per SF
$143.29 CAD
Cap Rate
7.25%
NOI
$72,737 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.68 AC
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-11-22-108-009.000-003 | Improvements Assessment | $208,386 CAD |
| Land Assessment | $216,357 CAD | Total Assessment | $424,743 CAD |
PROPERTY TAXES
Parcel Number
18-11-22-108-009.000-003
Land Assessment
$216,357 CAD
Improvements Assessment
$208,386 CAD
Total Assessment
$424,743 CAD
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Advance Auto Parts | 2001 S Madison St
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