625 S Broadway St 8,105 SF Retail Building Stanley, WI 54768 $1,362,007 CAD ($168.05 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically positioned east of Minneapolis. This Advance Auto Parts is approximately 20 mi from the nearest National auto parts retailer.
- Offered for Purchase at approximately $117/sq. ft.
- Below-market rents, with significant upside potential; can enable an adaptive reuse as needed.
EXECUTIVE SUMMARY
Silber Investment Properties is pleased to present this Advance Auto Parts property located at 625 S Broadway St, Stanley, WI. The building consists of roughly 8,105 rentable square feet on an estimated half-acre lot. Advance Auto Parts has approximately 3 years on their lease with one remaining 5-year option. The lease is NN, with limited landlord responsibilities. The parking lot has been recently repaved in 2022 and the building has a steel roof. Advance Auto Parts currently has over 4,000 locations across the United States, Puerto Rico, and the Virgin Islands.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,105 SF
Building Class
C
Year Built
2000
Price
$1,362,007 CAD
Price Per SF
$168.05 CAD
Cap Rate
7%
NOI
$95,365 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.51 AC
Zoning
C - Commercial
Frontage
165’ on South Broadway Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,125 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22905-3631-72951001A | Improvements Assessment | $884,328 CAD |
| Land Assessment | $59,694 CAD | Total Assessment | $944,022 CAD |
