Offering Memorandum
Property Highlights
- Net Leased Advance Auto Parts Investment Property
- 11.5 Years Remaining on Long Term Lease, 5% Rent Increases in Options
- Strong Corporate Guarantee, Excellent Financial Results Over Pandemic
- Outparcel to Walmart Supercenter, In Dense Retail Corridor
- Located Near Colorado Mesa University
- Price: $2,144,000
- Lot Size: 0.68 AC
- Cap Rate: 5.75%
- Lease Type: Double Net (NN)
- Year Built: 2017
- Building SF: 6,912 SF
- Status: Sold
- Guarantor: Corporate - Advance Stores Company Inc.