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Price: $1,165,123

CAP Rate: 9.00%

Address: 4212 N. Belt W.

City: Belleville

State: IL

Zip: 62226

Year Built: 2003

Down Payment: $1,229,955

Sq. Ft.: 7,000

Lot Size: 1.007

Status: Available

NOI: $110,696 







Description:

Capital Commercial Partners is pleased to bring to market this 7,000 SF Advance Auto Parts Store located in Belleville, IL (St. Louis MSA). Belleville is located 16 miles east of downtown. The property is located on N. Belt W. next to a 50,000 SF Shop N Save Grocery Store. N. Belt W. is the main retail corridor in Belleville. The tenant has 4 years remaining on a NN lease with 2-5 year options to renew. This offering is a great opportunity for an investor looking for a low-management, net leased, credit deal.


Advance Auto is the nation's #2 chain of auto parts stores operating 3,243 stores in the U.S., Puerto Rico, and the Virgin Islands. The chain generates more than $5.2 billion in sales and has a market capitaliztion of $4.18 billion. The company was founded in 1929 and is headquartered in Roanoke, VA.


IL Broker of Record

Rick O'Connor Group

Realty Executives Cornerstone


 

Investment Highlights:

Located in the St. Louis MSA

Newer Construction - 2003

Corporate Lease - Advance Auto Parts, Inc.

3,243 locations

S&P Rating: BB+ (NYSE:AAP)

Proven location with strong store sales

4 years remaining on NN Lease

One of few tenants thriving in struggling economy





Financing Summary:

All cash




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For immediate assistance, please call 937-367-6656





























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Disclaimer : Information has been secured from sources we believe reliable but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage is approximate. Buyer must verify the information and bear all risks for any inaccuracies. NNN1.com cannot be held responsible for errors, omissions, prior sale, withdrawals from market or change in price or terms without notice. All information is for internal use in order to determine if property is appropriate for prospective purchase.