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| Price $1,595,500 $1,692,000 | Built/Renov 2014 | Tenant Advance Auto Parts |
| Cap Rate 7.00% 6.60% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
6,985
| Lease Start
10-16-2014
| #Units
5,086
|
| Price/SF $228.42 $242.23 | Expiration
10-31-2033
| Tenant Type Automotive |
| NOI $111,673 | R. Term 8.5 | Ownership Fee Simple |
| Rent/SF
$15.99
| Increases 6.1%/10/yrs | Pop 5Mi 28,075 |
| Lot/AC 0.97 | Options 3/5yrs/6.13% | AHHI 5Mi $71,639 |
| | |
Advance Auto Parts is strategically located at the signalized, hard corner intersection of 36th Street and State Route 251, a major north-south thoroughfare in Peru, with access to 21,000 vehicles passing by daily. The property boasts excellent visibility and accessibility along I-251, situated just over one mile from exit 75 of I-80 (27,000 VPD). Situated adjacent to the 465,000 SF Peru Mall...
...Signalized intersection
Hard corner intersection
Build to suit
Dense retail corridor
Shopping Ctr out-parcel
Highway location
Favorable NN+ lease
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider that serves both professional installers and do-it-yourself (DIY) customers. Founded in 1932, Advance now...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,479 | 19,565 | 27,828 |
| 2023 Total Population : | 2,541 | 19,869 | 28,300 |
| 2023 Employed Civilian Pop : | 1,087 | 9,691 | 13,530 |
| 2023 Total Businesses : | 287 | 1,101 | 1,368 |
| 2023 Average Household Income : | $ 100,793 | $ 76,626 | $ 78,166 |
| 2023 Total Consumer Spending : | $ 102 M | $ 586 M | $ 849 M |
| 2023 Median Age : | 52 | 43 | 43 |
| 2023 Total Households : | 1,167 | 8,751 | 12,406 |
| 2023 Pop Age 25+: Bachelor's Degree : | 420 | 1,966 | 2,651 |
| 2023 Average Home Value : | $ 271,027 | $ 184,088 | $ 179,702 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 36th St | 2002 | 5,000 | 0.06 mi | |
| State Hwy 251 | N 29th Rd | 2005 | 15,900 | 0.10 mi |
| N 29th Rd | Progress Blvd | 2002 | 6,200 | 0.20 mi |
| IL 251 | 2021 | 14,900 | 0.21 mi | |
| State Hwy 251 | 38th St | 2005 | 14,100 | 0.22 mi |
| Peoria St | Plz Dr | 2002 | 7,900 | 0.24 mi |
| N 29th Rd | Progress Blvd | 2002 | 7,800 | 0.28 mi |
| IL 251 | Midway Rd | 2021 | 15,300 | 0.53 mi |
| N 29th Rd | Wenzel Rd | 2002 | 6,600 | 0.57 mi |
| State Hwy 251 | 38th St | 2005 | 15,900 | 0.60 mi |
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R. Term 4.10 yrs
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R. Term 12.10 yrs
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Cap Rate 6.40%
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R. Term 14.00 yrs
Size/SF 1,500
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Cap Rate 6.75%
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R. Term 6.10 yrs
Size/SF 4,809
Marshfield, WI
Cap Rate 5.75%
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R. Term 14.50 yrs
Size/SF 1,664
Lexington, KY
Cap Rate 7.50%
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R. Term 4.50 yrs
Size/SF 6,895
Lansing, KS
Cap Rate 6.65%
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R. Term 14.80 yrs
Size/SF 1,415
Hickory, NC
Cap Rate 5.76%
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R. Term 13.10 yrs
Size/SF 7,225
Humble, TX
Cap Rate 7.60%
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R. Term 2.10 yrs
Size/SF 7,000
Dunlap, TN
Cap Rate 6.10%
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Size/SF 8,075
Georgetown, OH
Cap Rate 6.00%
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R. Term 11.60 yrs
Size/SF 7,225
Plymouth, WI
Cap Rate 6.00%
Lease NN+
R. Term 14.20 yrs
Size/SF 7,385
Delaware, OH
Cap Rate 7.55%
Lease NN+
R. Term 3.80 yrs
Size/SF 7,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
