Marcus & Millichap has been selected to exclusively market for sale a single-tenant, freestanding Advance Financial in La Vergne, TN, part of the Nashville MSA. The property is subject to a brand new fifteen year absolute net lease that includes 2.25% annual rental increases in both the primary term and two, five-year renewal options. There is a corporate guarantee from Advance Financial. This store has been recently converted to an Advance Financial branch as part of their rapidly-expanding 64 branch network in Tennessee. This location is larger than the typical branch (1,500-4,500 SF), which Advance Financial plans to use for future corporate operations space, making it a logical core asset for the company.
Advance Auto Parts stores typically prefer +/- 0.75 to 1.25 acres of land and a +/- 7,000 SF rectangular stand-alone building. This asset is one of those prototypical Advance Auto Parts stores which, by location and design, lends itself to a wide array of long-term reuse options. New roof finished this December.
Extensive equipment and furnishings included
Single fanily residence with approximately 2,368 square feet of heated and cooled space. The lot is spproximately 1 acre and the zoning is commercial fringe. Ideal for insurance agent, antique store or day care.
Retail Strip Center 15,675 SF
Free standing building on 1 acre lot, land available for expansion
Building tenants:Music Shop Sale Price: $475,000
Very busy Convenient Store & Gas Stations with great Inside and Fuel Sales Currently NO Beer or Lotto by choice
Long-standing and reputable family car wash business.
CURRENT INCOME $190,560 TRIPLE NET LEASE OPENED NOV. 2009. NEW 15 YEAR TERM AT CLOSING TEN PERCENT INCREASE EVERY FIVE YEARS TWO FIVE YEAR OPTIONS 3600 SQUARE FOOT BUILDING ALL BRICK - BUILT 2009 ON 1.18 AC PRICE $2,399,000 / CAP OF 7.94%