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Fort Payne, AL
Advance Auto Parts (S&P BB+)
Second largest auto parts retailer in U.S.
Over 2,600 stores nationwide
NYSE: AAP (Click for Yahoo Finance info)
LOCATION
905 Gault Ave.
Fort Payne, AL
LEASE SUMMARY
Lease Expiry:
Lease Rate: $61,250
Expenses: Double Net
Cap Rate: 7.00%
PROPERTY DESCRIPTION
7,000 SF Freestanding retail bulding
Concrete block construction with glass storefront
Free standing building in heart of the business district
Financing: May be assumable at option of lender. $515,000, 6.25% fixed for five (5) years. If loan is
not assumed, property will be delivered free and clear of debt.
Price: $875,000
Cap Rate: 7.00%
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withdrawal without notice.
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