Advance Auto Parts (Tenant)

Transcription

1 (Tenant) 1735 Washington Blvd Single Tenant Retail NNN Investment Property For Sale For More Information, Please Contact: Taylor DeBry Hunter Todd

2 Executive Summary Property Address: 1735 Washington Blvd, Total Parcel Size: 0.68 Acres Building Size: 6,889 SF Lease Expiration Date: July 31, 2031 Tenant: Rent Schedule: 15 Year Primary Term (NNN) Annual Rent: $124, ($10,398.83/month) 4 Five-Year Options First Option: $131, ($10,918.77/month) Second Option: $137, ($11,464.71/month) Third Option: $144, ($12,037.95/month) Fourth Option: $151, ($12,639.83/month) Sale Price: $2,269,000 NOI: $124, Cap Rate: 5.5% Landlord Responsibilities: Tenant Responsibilities: Landlord shall be responsible for the maintenance, repair and/or replacement of slab, foundation and structure. Tenant shall be responsible to maintain, repair and replace the entire leased premises except for any items of which are the Landlord s responsibility as described above.

3 Tenant Profile NYSE: AAP Full Time Employees: 41,600 Annual Revenue: $9.84 Billion (as of 1/3/2015), Inc., through its subsidiaries, operates as a specialty retailer of automotive replacement parts, accessories, batteries, and maintenance items. It operates stores that offer brand name, original equipment manufacturer, and private label automotive products, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; accessories, such as air fresheners, automotive paint, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades; chemicals comprising antifreeze, brake and power steering fluid, car washes and waxes, freon, fuel additives, and windshield washer fluid; and oils, transmission fluids, and other automotive petroleum products for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company also provides battery and wiper installation, battery charging, check engine light reading, electrical system testing, video clinics, loaner tool programs, and oil and battery recycling services, as well as loaner tool programs. In addition, it sells products online. The company serves do-it-yourself, do-it-for-me, or commercial customers in the northeastern, Mid-Atlantic, and southeastern regions of the United States. As of July 18, 2015, it operated 5,252 stores and 117 Worldpac branches; and served approximately 1,300 independently-owned Carquest branded stores in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. The company was founded in 1929 and is headquartered in Roanoke, Virginia.

4 N 600 N NO DR 2600 N 134 Major Tenant Map Harrisville N HARRISVILL E RD PIO NEE R RD 400 N Marriott-Slaterville FRO NTRUNNER ( HIG H S PEE D RAIL) 1200 W S 1200 S WASHINGTON BLVD N 400 E 2000 W Su percenter 12TH ST Su percenter S CAN YON R WALL AVE 1900 W ST ST D SITE 21ST ST 89 24TH ST 53 West Haven HW 31S T ST 79 Y 31ST ST 30TH ST D AL E RD 3500 W 204 ER ID R IV LA N D D R -Hinckley AIRPORT HARRISON BLVD 5N VI EW E SA NT S8 West Roy 5600 S Su percenter 1050 W 1900 W M Washington Terrace South 168 W EB Riverdale Exclusively Marketed60by SITUS RETAIL GROUP Sunset TH US 8 9 U SO 2300 N DR ER 0 W 5 11 This statement with the information it contains is given with the understanding that all negotiations relating Wto the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been E secured from sources we believe to be reliable.

5 Aerial Photo SITE

6 Aerial Zoom 17th Street 3,000 ADT (Estimated) SITE Washintgon Blvd 31,030 ADT Parry Street ADT N/A

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8 US US 89 SB Advance Auto Parts 15 Perry Demographics ST 315 HWY mi ring 3 mi ring 5 mi ring Population Willard 13,029 13,756 11,833 79,553 83,948 74, , , , ,235 % 69,631 % 118,789 % Households Average household size Household income Total employees Plain City 2050 N 1400 N Willard Reservoir < $25,000 $25,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000+ Median household income Average household income 2150 N 4650 W ST W 2575 N 2600 N 1500 N 1975 N HWY Farr West 1900 N ST 126 PLEASANT VIEW DR N 5,086 28, , , , , , , , , , , , , , $36,090 $41,902 $49,668 Pleasant $41,227 $50,068 $59,411 View 9,753 North 44,554 77,469 ST 134 HARRISVILLE RD PLEASANT VIEW DR 400 E ST E NORTH OGDEN CANYON RD 4850 E ST 158 ST 158 POWDER MOU 1150 S 4700 W ST S 3500 W PIONEER RD US 1850 N 2000 W US 89 Harrisville 5 Mile 3 Mile 2600 N 3100 E FOREST SERVICE RD E 3300 E 4100 N 3500 E 3750 E 4650 E 5100 E 5350 E 1900 N 5900 W 1100 S 1250 S Marriott-Slaterville ST39 West Haven ST 126 HINCKLEY DR 2100 S ST S ST 104 MIDLAND DR 1200 W 12TH ST 21ST ST 2100 S ST 53 31ST ST HARRISVILLE RD WALL AVE ST 204 WASHINGTON BLVD 89 1 Mile 31ST ST ST 39 2ND S T 21ST ST 24TH ST 30TH ST HARRISON BLVD ST 203 ST 39 OGDEN CANYON HW Y SNOWBASIN RD 158 OLD SNOWBASIN RD ST 226 ST 167 TRAPPERS ST 39 LOOP RD HWY ER COUNTY IS COUNTY 5900 W 5000 W ST 37 ST N 5500 S 1800 N 4500 W 107 ST N 2300 N West Point Clinton 1300 N ST S ST 126 ST 60 ST26 ST37 Exclusively Marketed by SITUS RETAIL 89 GROUP 1050 W HILL AFB AIRPORT ST 108 South ST 60 This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, Weber renting or leasing of the property described above shall be 800 N 300 N 4000 S 3100 W 1500 W Roy 1000 W 2300 N 1300 N 1900 W MAIN ST 650 N 1150 W Riverdale RIVERDALE RD Washington Terrace SOUTH WEBER DR 89 ST 203 South Uintah US ST 167 OLD

9 For More Information, Please Contact: Taylor DeBry Retail Specialist Hunter Todd Retail Specialist