Single Tenant Retail NNN Investment Property For Sale Advance Auto Parts (Tenant) 4306 South State Street Murray, UT For More Informaon, Please Contact: Taylor DeBry [email protected]801.838.9628 Hunter Todd [email protected]801.838.9630 Exclusively Marketed by SITUS RETAIL GROUP www.situsretail.com
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Advance Auto Parts (Tenant)...Advance Auto Parts NYSE: AAP Full Time Employees: 41,600 Annual Revenue: $9.84 Billion (as of 1/3/2015) Advance Auto Parts, Inc., through its subsidiaries,
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Single Tenant RetailNNN Investment Property For Sale
Advance Auto Parts (Tenant)4306 South State Street
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Property Address: 4306 South State Street | Murray, UT 84107Total Parcel Size: 0.60 AcresBuilding Size: 10,860 SFLease Expiration: May 31, 2031
Tenant: Advance Auto Parts
Rent Schedule: 15 Year Primary Term (NNN) Years 1-15: $189,196/Year ($15,766.33/month) Four 5-Year Options (5% Increases Every 5 Years) Years 16-20: $198,655.76/Year ($16,554.65/month) Years 21-25: $208,588.55/Year ($17,382.38/month) Years 26-30: $219,017.97/Year ($18,251.50/month) Years 31-35: $229,968.87/Year ($19,164.07/month)
Sale Price: $3,440,000NOI: $189,196Cap Rate: 5.5%
Landlord Responsibilities: Landlord shall be responsible for the maintenance, repair and/or replacement of slab, foundation and structure.
Tenant Responsibilities: 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.
Executive Summary
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Advance Auto Parts
NYSE: AAPFull Time Employees: 41,600Annual Revenue: $9.84 Billion (as of 1/3/2015)
Advance Auto Parts, Inc., through its subsidiaries, operates as a specialty retailer of automo-tive 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 de-vices, 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 vehi-cles, 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.
Tenant Profile
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
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SALT LAKE CITY MUNI 2AIRPORT
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Major Tenant Map
SITE
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Aerial Photo
SITE
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Aerial Zoom
SITE
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FIRECLAY AVE
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Photos
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com
Photos
Advance Auto PartsMurray, UT
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting or leasing of the property described above shall be conducted through this office. The above information, while not guaranteed, has been secured from sources we believe to be reliable.
Exclusively Marketed by SITUS RETAIL GROUPwww.situsretail.com