Advance Auto Parts
Single-Tenant Offerings
Advance Auto Parts
3360 Bayside Lakes
Palm Bay (Southeast of Orlando), FL
- Price:
- $3,419,000
- Cap Rate:
- 5.85%
- NOI:
- $200,000
- Rentable SQFT:
- 6,912 SF
- Year Built:
- 2024
- Lot Size:
- 1.00 +/- Acres
- Lease Type:
- Modified NNN
- Status:
- Available
Investment Highlights
- 15-Year Modified NNN Lease, Landlord Responsible for Structure and Foundation
- 10% Increases Every 5 Years and in Each Option Period
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Investment Grade Credit Tenant, Rated ‘BBB-’ by S&P
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Brand New Upgraded Block Architectural Design
- Serving Over 80,000 Residents in Rapidly Growing Trade Area
- In the Heart of Thousands of New Homes and Residential Subdivisions Under Construction
- Average Household Income Exceeds $75,000 within 3 Miles
- Adjacent to High-Volume Publix Anchored Grocery Center
- Just West of I-95 with 56,580 Cars/Day, the Main North/South Highway on the East Coast
- Close Proximity to Florida’s Space Coast which Attracts 2.5+ Million Visitors Annually
- Strong Daytime Population, Over 15,400 Employees in Primary Trade Area
- Palm Bay is a Bedroom Community for Engineers Employed by Space X and NASA
- Minutes to Florida Tech with Approximately 9,700 Students and Several K-12 Schools with 8,000+ Students
- 65 Miles Southeast of Orlando International Airport
- Tax Free State, No State Income Tax in Florida
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