Advance Auto Parts

Properties Sold
ADVANCED AUTO PARTS
8522 Old State Rd., Holy Hill, SC 29059

PRICE $1,050,000
GLA 10,752 SF
PROPERTY TYPE Retail
CAP RATE 6.5%
LEASE TYPE NN
LEASE EXPIRATION Feb. 2027
YEAR BUILT 1996
DEMOGRAPHICS
Total Population
1 – mi. – 1,384
3 – mi. – 3,680
5 – mi. – 4,937
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Ten Percent Rent Increase in 2022 and in Each Option Period
  • Ten Plus Years Remaining on Initial Lease Term
  • Tenant Paying $6.37 PSF Rent – Over 1 Acre Parcel
  • Limited Competition: One of Two National Auto Part Retailers in Holly Hill
  • Advance Auto has Been Operating at Location Since 2005 Recently Executed New Lease Showing Commitment to the Location
  • Corporate Guaranty from Advance Stores Company Incorporated – 4,000 Plus Unit Operator | Wholly Owned Subsidiary of Advanced Auto Parts Incorporated – Publicly Traded New York Stock Exchange (NYSE: AAP) Corporation
  • Major Tenants in the Vicinity Include: CVS, Ace Hardware, Piggly Wiggly, Dollar General, Family Dollar, Subway, Hardees, United States Postal Service (USPS) and NAPA Auto Parts

City:HOLLY HILL
State:SC
Square Feet:10,752 SF
Price:$1,054,000
Cap Rate:6.5%

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