Advance Auto Parts

$ 1,000,000
4894 Ashley Phosphate Rd, North Charleston

Overview

  • Updated On:
  • June 19, 2022

Description

Property Highlights

This exceptionally located Advance Auto Parts store is located in North Charleston, South Carolina. AAP just recently exercised their 3rd of 5; 5-year options to extend the lease. This demonstrated their commitment to the site and the long term viability of the location. Furthermore, back in 2008, this location was doing over $1.6 Million in annual sales, but under the amendment, AAP took off sales reporting. There are excellent synergies with nearby retailers such as Meineke Car Care Center, Jiffy Lube, Tread Quarters and several other mom and pop auto repair centers. This is a great long term investment in one of the fastest-growing MSA’s in the US. The port of Charleston is a great employment generator featuring multiple shipping terminals, one of the largest container seaports on the East Coast and a cruise terminal.

Address: 4894 Ashley Phosphate Rd
State/County:
Zip: 29418
Country: United States

Property Id: 19041
Price: $ 1,000,000
Cap Rate: 6.72%

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Restaurants
Pharmacies
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Ani Paulson

Team Lead | Senior Director Investments

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