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Advance Auto Parts

Watertown, New York

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NNN Pro is pleased to present the exclusive listing for an Advance Auto
Parts located at 1200 Arsenal St, Watertown, NY 13601. The site consists of
roughly 6,791 rentable square feet of building space on an estimated 0.71-
acre parcel of land. This Advance Auto Parts is subject to a 10-year Double
Net (NN) lease, which commenced 11/1/2002. The current annual rent is
$108,892 and is scheduled to increase in the options.

About the Investment:

10 + Year Corporate Lease
Advance Auto holds an investment grade S&P rating of BBBSalmon Run Mall
Located less than one mile from the subject property and has 80+ stores
Strong Academic Presence
Jefferson Community College is located within 2 miles of the subject
property and has over 3,600 students enrolled

Key Details

Price:
$1,714,831
Cap Rate:
6.35%
Annual Rent:
$108,892
Address:
1200 Arsenal St, Watertown, New York 13601
Property Type:
Automotive
Lease Type:
Double Net (NN)

Original Lease Term:
10 Years
Lease Commencement:
11/1/2002
Lease Expiration:
12/31/2024
Lease Term Remaining:
10.8 Years
Lot Size:
0.71 Acres
Building Size:
6,791 SF
Year Built:
2002
Tenant:
Advance Auto Parts

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Cassandra Mosser


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