Advance Auto Parts | China Grove, NC

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

1780 S. Main St.
China Grove, NC 28023

  • Price: $737,400
  • Cap. Rate: 6.45%
  • NOI: $47,568
  • Building Size: 5,500SF
  • Lot Size: .95 AC

Investment Highlights

  • Advance Auto has Been at this Location since 1997
  • Lease is Corporately Guaranteed by Advance Auto Parts, Inc.. | S&P “BBB-”
  • Landlord Responsible for Roof and Structure
  • Advance Auto Parts Stock has Nearly Doubled Over the Past 18 Months
  • 10+ Years Left Remaining on the Lease
  • Average Household Income is $50,679 Within a 5 Mile Radius
  • 5 Mile Population Surrounding the Investment Property Exceeds 48,162
  • Intersection boasts a Average Daily Traffic Count of 8,000+ VPD
  • Located in a Business Friendly Community