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.
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