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Advance Auto Parts | 7.1% Cap Rate

580 East Franklin Street
Hartwell, GA 30643
PRICE : $1,500,000
CAP RATE: 7.1%
PROPERTY TYPE: Retail
SITE SIZE: 1.50 Acres
BUILDING SIZE: 7,000 SF
YEAR BUILT: 2006

Highlights

  • NN corporate lease expires 12/31/2020 with four five year renewal options
  • 5% rent bumps in options
  • Landlord responsible for roof, structure, HVAC and a general liability insurance policy
  • Located on a corner site that is approximately 1.5 acres
  • Located 56 miles southwest of Greenville, SC and 110 miles northeast of Atlanta, GA

Description

Advance Auto Parts net lease investment property located on the main commercial thoroughfare in Hartwell, GA, near the Georgia - South Carolina border. The initial 15 year term expires December 31, 2020. There are four five year renewal options each with a 5% rent increase. Landlord is responsible for roof, structure, HVAC and their own commercial general liability insurance policy.

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