Published on: Friday, August 23, 2024
Updated on: Wednesday, October 9, 2024
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About the Lister
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Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
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  Advance Auto Parts | Denver NC.
224 Hwy 16 S Denver North Carolina , 28037
224 Hwy 16 S Denver North Carolina , 28037NNN Investment Group
Listing ID: CL-North Carolina-11

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6
Net Operating Income: $108,500
Commission Split (%): 0
Quick Glance
Listing ID: CL-North Carolina-11
Status: Sold
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2002
Building Size: 7,000.00 SqFt
Lot Size: 44,431.00 Acre
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Lee & Associates and Bang Realty are pleased to present the opportunity for a qualified investor to acquire Fee Simple interest (land & building) in the Advance Auto Parts located at 224 Highway 16 South, Denver, NC, a high growth sub-market of Charlotte.
Complete Details
Year Build: 2002
Building Size: 7,000 SqFt.
No of Stories: 1
Total Lot Area: 44431 Acre
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description
Additional Properties
Property Highlights
  • Corporate Lease Guarantee From Advance Stores Company, Inc. (NYSE: AAP)
  • Historically Strong Performing Location – Strong Sales Volume
  • Denver, NC – High Growth Submarket & Popular Bedroom Community of Charlotte
  • Pristine Subject Property Condition – Zero Deferred Maintenance
  • 10.8 Years Remaining on Modified NNN Lease – Early Lease Extension – Commitment to Site
  • Surrounded by New Commercial and Residential Development Projects
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$108,500
$0
0%
Cash Flow for Current Listings
Listing Location
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