Advance Auto Parts Investment Opportunity in Aiken

105 Citadel Drive, Aiken, SC 29803

  • 7,000 Square Feet
  • Commercial-Specialty Retail
  • For Sale

Summary Description

105 Citadel Drive is a 7,000-square-foot building fully leased by Advance Auto Parts located at the signalized intersection of Whiskey Road/SC Highway 19 in Aiken, South Carolina. Advance Auto Parts has 4 years remaining on an original 15-year corporate lease, with three 5-year renewal options with a 10% increase at each. 

Whiskey Road is a busy retail corridor with 22,800 vehicles passing the site per day. The population exceeds 20,413 within a 3-mile radius and the average household income is $89,385 in a 5-mile radius. Aiken is a thriving community on the western side of South Carolina. The Aiken-Augusta area is rich in history with deep roots in the world of golf with the nearby Augusta National Golf Course, home of the Masters Golf Tournament. Aiken is also known for its thriving equestrian industry. It has become a popular retirement area due to the high quality of life. Highway 19, locally-known as Whiskey Road, is Aiken’s primary retail corridor with retailers such as Lowe’s Home Improvement, Target, Dillard’s Department Store, Home Depot, Wal-Mart, Talbots and many others. Advance Auto Parts is on the south side of this area and is well-situated to capture the high traffic count and growth of the Whiskey Road corridor.

Download the offering memorandum to the right for more information.

Property Status: Fully Tenanted

Price: $1,275,000.00

Building Size: 7000 Square Feet

Area Available: 7,000 Square Feet

Features:

  • Proposed value: $1,275,000
  • Current NOI: $108,084
  • Proposed cap rate: 8.5%
  • Year built: 2006
  • Building size: ±7,000 SF
  • Price/SF: $196.00
  • Land size: ±1.01 Acres
  • Lease term remaining: 4 years
  • (3) 5-year renewal options with 10% increases at each option
  • Investment grade S&P “BBB” - corporate guarantee
Related Documents:

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