ADVANCE AUTO PARTS RETAIL/DISTRIBUTION FACILITY SITE 711 CONOVER BOULEVARD W CONOVER, NC OFFERING MEMORANDUM FOR MORE INFORMATION CONTACT

Transcription

1 OFFERING MEMORANDUM ADVANCE AUTO PARTS RETAIL/DISTRIBUTION FACILITY 711 CONOVER BOULEVARD W CONOVER, NC SITE dw er Blv v o n o C FOR MORE INFORMATION CONTACT C. Ryan Fanelli First Vice President Carl F. Blackwell, CCIM Senior Vice President/Partner T T E RFanelli@commonwealthcommercial.com E CBlackwell@commonwealthcommercial.com

2 CONTENTS Executive Summary 1 Property 2 Tenant Information 3 Aerial 4 Disclosure Form 5 MAILING ADDRESS: P.O. Box 7110 Richmond, VA T F

3 1. EXECUTIVE SUMMARY ADVANCE AUTO IN CONOVER, NORTH CAROLINA FOR SALE ADDRESS 711 Conover Boulevard W Conover, North Carolina YEAR BUILT 1973 (Renovated in 2004) NET RENTABLE AREA (SF) 22,400 LAND AREA (ACRES) 2± New 7 year lease on 22,400 SF Advance Auto Retail/Distribution Center Tenant at location since 1994 Lease term through December 31, 2024 with 2-5 year options Base rent of $8,333 Tenant maintains landscaping, HVAC and snow removal. Price: $1,500,000 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2016 POPULATION 12,144 47,270 75,952 HICKORY 2016 HOUSEHOLDS 3,764 15,193 23, AVERAGE HH INCOME $125,287 $155,369 $157,256 CHARLOTTE 2016 MEDIAN AGE MEDIAN HOME VALUE $340,798 $440,732 $441,902

4 2. PROPERTY ADVANCE AUTO IN CONOVER, NORTH CAROLINA FOR SALE * Parcel to be Subdivided

5 3. TENANT INFORMATION ADVANCE AUTO IN CONOVER, NORTH CAROLINA FOR SALE Headquartered in Roanoke, Va., Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers. Advance operates over 5,200 stores, over 100 Worldpac branches and serves approximately 1,300 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. Advance employs approximately 74,000 Team Members. Advance Auto Parts is traded on the New York Stock Exchange under the ticker symbol AAP.

6 4. AERIAL ADVANCE AUTO IN CONOVER, NORTH CAROLINA FOR SALE SITE O ld MARKETPLACE CENTER Con over - St a r town R d r Blvd W Conove Map data 2017 Google Imagery 2017, DigitalGlobe, Orbis Inc, USDA Farm Service Agenc

7 5. DISCLOSURE FORM ADVANCE AUTO IN CONOVER, NORTH CAROLINA FOR SALE DISCLOSURE TO BUYER FROM SELLER'S AGENT OR SUBAGENT Note: This form must be used by real estate agents working with buyers as agents or subagents of the seller. [N.C. Real Estate Commission Rule 21 NCAC 58A.0104(e), eff. 7/1/95]. Firm Name: Commonwealth Commercial Partners, NC, LLC Agent Name: Carl F. Blackwell, CCIM AGENCY DISCLOSURE When showing you property and assisting you in the purchase of a property, the above-referenced agent and firm will be representing the interests of the SELLER. As such, the firm and its agents must work to obtain for the seller the best price and terms possible. The firm and its agents must also furnish the seller any information obtained from you or any other source which is material to the transaction or which might influence the seller's decision to sell. Therefore, as a buyer, you should not give the seller's agent any information that you do not want the seller to know. ACKNOWLEDGMENT (DO NOT SIGN THIS FORM UNTIL YOU HAVE READ BOTH PAGES.) By signing below, I acknowledge that I have received a completed copy of this form. Buyer's Name (Print or type) Buyer's Name (Print or type) Buyer's Signature Buyer's Signature Date Date INSTRUCTIONS TO AGENTS 1. Review the "Description of Agent Duties and Relationships" on the second page of this form with the buyer(s) at the time of your first substantial contact with the buyer(s). 2. Explain the type(s) of agency (seller agency, buyer agency, dual agency) your firm offers. 3. Enter your name and the firm name at the top of this form and review the Agency Disclosure with the buyer(s). 4. Have the buyer(s) complete the ACKNOWLEDGMENT above. 5. Give the buyer(s) a copy of this form, and retain the signed original for your files. NOTE: If your firm will act as a buyer's agent, do not use this form. Enter into a buyer agency agreement with the buyer. REC 4.23F (1 of 2) 8/98