Published on: Friday, August 23, 2024
Updated on: Wednesday, October 9, 2024
 Share  Tweet
About the Lister
User Profile Image
Name: Ryan Bennett
Company: NNN Investment Group
Office Phone: 760-448-2449
Cell Phone: 760-519-0240
 View Profile  Share Listing

Send Message    Make Soft Offer
Provide Your Service
Financing  Business  Material
  Advance Auto Parts | Denver NC.
224 Hwy 16 S Denver North Carolina , 28037
224 Hwy 16 S Denver North Carolina , 28037  NNN Investment Group
Listing ID: CL-North Carolina-11

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 6
Net Operating Income: $108,500.00
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
$0.00
$0.00
$0.00
$108,500.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
Lister's other Properties
Title: Take 5 Oil Change
Address: 1485 North Dysart Road , Avondale Arizona 85323
Listing ID: CL-Arizona-14904
Listing Type: Commercial
Category: Retail - Automotive
Status: Accepting Offers
Created On: 4/28/2025
Modified On: 4/28/2025
1485 North Dysart Road , Avondale Arizona 85323
Title: Sheetz | New Construction Ground Lease
Address: 1950 S. Reynolds Road , Toledo Ohio 43614
Listing ID: CL-Ohio-14902
Listing Type: Commercial
Category: Convenience Stores/Gas Station - Gas Station/C-Store
Status: Accepting Offers
Created On: 4/28/2025
Modified On: 4/28/2025
1950 S. Reynolds Road , Toledo Ohio 43614
Title: CVS – Absolute NNN Lease
Address: 1390 S Jefferson St, , Monticello Florida 32344
Listing ID: CL-Florida-14832
Listing Type: Commercial
Category: Retail - Free Standing
Status: Accepting Offers
Created On: 4/17/2025
Modified On: 4/17/2025
1390 S Jefferson St, , Monticello Florida 32344
Title: Harbor Freight & Skechers
Address: 1617 Douglas Blvd , Roseville California 95661
Listing ID: CL-California-14831
Listing Type: Commercial
Category: Retail - Shopping Mall
Status: Accepting Offers
Created On: 4/17/2025
Modified On: 4/28/2025
1617 Douglas Blvd , Roseville California 95661
Title: PODS Moving & Storage
Address: 64640 19th Avenue , Desert Hot Springs California 92240
Listing ID: CL-California-14222
Listing Type: Commercial
Category: Industrial - Self-Storage Facility
Status: Accepting Offers
Created On: 2/19/2025
Modified On: 2/19/2025
64640 19th Avenue , Desert Hot Springs California 92240
View All Listing