OFFERING MEMORANDUM WARTBURG,TN ADVANCE AU TO PA RT S 1105 KNOXVILLE HWY Wartburg, TN 37887 PRESENTED BY: WILL HOLMAN O: 636.628.2111
[email protected] MO #1999033650 ADDISON LIJEWSKI O: 636.628.2111
[email protected] MO #2019023222 BROKER OF RECORD: WALKER HUEY T N # 3 4 3 1 2 3 PROPERTY SUMMARY PROPERTY HIGHLIGHTS S A L E P R I C E $ 1 , 4 76 , 3 9 0 10.5 Years Remaining on Current Term 4 (5) Year Renewal Options OFFERING SUMMARY Triple Net Lease - Landlord Responsibilities limited to slab, oundation, and structural walls BUILDING SIZE: 7, 0 0 0 S F 5% Base Rent Increases at Each Option L O T S I Z E : 1 . 6 4 A c r e s Advance Auto recently extended the Lease 10 Years showing conidence in the location PRICE / SF: $ 2 1 0 . 9 1 Higher than Average Sales or Advance Auto Parts C A P R AT E : 5 . 4 5 % NOI: $ 8 0 , 4 6 3 DEMOGRAPHICS 3 MILES 5 MILES 10 MILES YEAR BUILT: 2 0 0 7 TOTAL HOUSEHOLDS 6 2 8 1 , 5 1 2 5 , 4 3 6 TOTAL POPULATION 2 , 3 2 9 5 , 2 5 3 1 6 , 1 4 5 AVERAGE HH INCOME $ 4 4 , 7 2 8 $ 4 4 , 5 9 1 $ 4 5 , 8 1 8 WARTBURG, TN ADVANCE AUTO PARTS 1105 Knoxville Hwy Wartburg, TN 37887 SVN | HOLMAN NORDEN 2 PROPERTY DESCRIPTION PROPERTY DESCRIPTION SVN | Holman Norden is pleased to present a 100% ee simple interest in an Advance Auto Parts property located at 1105 Knoxville Hwy, Wartburg, TN.