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Advance Auto Parts - Manchester, GA

404 N 5th Ave, Manchester, GA 31816, USA

For Sale

$963,000

Property Description

  • No Competition In Immediate Area - Nearest Auto Parts competitor is located 18.5 miles away.

  • 7+ Years Remaining - On the primary term including four, 5-year options.

  • Low Rent-to-Sales Ratio - Sub 4% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts’ commitment to the site.

  • Previous Early Lease Extensions - Advance Auto Parts have consistently extended their lease demonstrating their commitment to this site.

  • NN Lease - Minimal Landlord responsibilities.

  • Corporate Guarantee From An Investment Grade Tenant - Baa3 Moody’s Credit Rating.

  • Excellent visibility along N 5th Ave - 12,500+ VPD along N 5th Ave.

  • Low Rent Per Square Foot - Advance Auto Parts is paying $9.29 Per SF at this location.

  • Below Replacement Cost - Could not purchase land and build this building for less money.

  • Columbus, GA MSA - Population exceeded 323,700 within Columbus, GA MSA in 2023.

  • Surrounded by Ideal Auto Parts Consumer Base - Average Household Income is $64,898 within 5 miles of the property.

The Property Profiler - DG - Fayetteville, NC.pptx.png
Offering Memorandum

Property Details

Property Type

Retail

Net-Lease

NN

Size

7,000

Acres

0.89

Property Location

404 N 5th Ave, Manchester, GA 31816, USA

Contact Agent

Sam Roe

(678) 272-4961

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