Advance Auto Parts — Sale in Riverview, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Riverview, FL 33578

Investment Figures

Cap rate
6.05%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This investment is being offered at $1,806,417 which represents a 6.05% cap rate Investment Highlights: • NN Lease with 4.5 years remaining due to a recent lease extension • Landlord responsible for roof, structure and parking lot • Tremendous upside opportunity - Rent/sq ft is significantly below market value at less than $16/sq ft • Healthy 4.6% rent to sales ratio • Site sees more than 51,000 vehicles per day passing by • Proximity to a plethora of national tenants including McDonald's, Chipotle, Taco Bell, WaWa, Chick-Fil-A, Wendy's, PDQ, Dunkin', Mavis, Culver's, Dollar General, 7-Eleven, Walmart, Sprouts and more • Positioned across the street from a Publix anchored shopping center • Rapidly growing area - Population has increased approximately 12% since 2020

Market Context

This retail in Riverview, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Riverview, FL — view the full market.

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