Lincoln Park, MI
Price: $2,363,000
Cap Rate: 7.00%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Advance Auto Parts property located in the Detroit MSA. Advance Auto Parts has operated at this location since 2010. There are 3.5 years remaining on their triple net lease. Advance Auto Parts is an investment grade rated tenant (S&P: BBB-).

The Advance Auto Parts is Lincoln Park, MI within a densely populated area. There are over 21,000 people living within one mile of the property and over 132,000 people living within three miles. The property is positioned along Fort Street (31,500 VPD) and is just east of Interstate 75 (80,000 VPD). The Advance Auto Parts is in the immediate proximity to Lincoln Park High School (1,500 students) and surrounded by numerous retailers including Kroger, ALDI, Walgreens, CVS, Save A Lot, McDonald’s, and many others.

This property can be purchased individually or with another similar Advance Auto Parts in Eastpointe, MI or with several other STNL properties in Florida. Contact broker for details.

  • Located within the Detroit MSA, the 14th largest in the U.S.
  • Positioned along Fort Street (m-85), the area’s primary north-south thoroughfare (31,500 VPD)
  • Densely populated area with over 21,000 people within one mile and over 132,000 people within three miles 
  • Positioned within a strong retail trade area that includes Kroger, ALDI, Walgreens, CVS, Save A Lot, McDonald’s, and many others
  • Advance Auto Parts is an investment grade rated company (S&P: BBB-)
  • Upgraded high-end all-brick construction
  • Located just east of I-75 (80,000 VPD)
  • Immediate proximity to Lincoln Park High School (1,500 students)
  • Triple net lease with the only landlord responsibilities to the slab, structure and foundation
  • Densely concentrated area with significant barriers to entry
  • Lease features rental increases in each option period

OFFERING SUMMARY

Price: $2,363,000
Cap Rate: 7.00%

Building Size: 6,000 SF
Land Size:
.94 AC

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-07-18T08:26:33-07:00
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