Advance Auto Parts - Availability Details
8145 US Highway 2, Iron Mountain, MI 49801
- For Sale $1,234,060
- Property Type Retail - Freestanding
- Property Size 7,000 SF
- Lot Size 1.15 Acre
- Property Tenancy Single Tenant
- Year Built 2004
- Date Updated May 03, 2022
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
- Walk Score ® Car-Dependent (30)
- Bike Score ® Somewhat Bikeable (37)
- City Iron Mountain, MI
- Neighborhood Iron Mountain
- Zip Code 49801
Points of Interest
Norway Quick Stop
Storheim's Family Rstaurant
Super One Foods
- Strong Tenant - 4,843 Corporate Locations, Advance Auto Parts is a publicly traded company (NYSE: AAP). $9.7 Billion in Revenues in 2019, which has been steadily increasing YOY.
- Home Depot/Walmart Supercenter - The subject property is an outparcel to Home Depot and Walmart Supercenter and has remained open and has paid rent in full and on time every month throughout the mandatory stay-at-home orders given by the government at a result of the Covid-19 pandemic.
- Highway Location - Superbly located with visibility along US Highway 2, the major thoroughfare in Iron Mountain.
- Rental Increases - 7% Rental Increases every 5 years throughout the base term and option periods.
- Minimal Landlord Responsibility - Triple Net Lease. Landlord is only responsible for the structure. There are no other Management responsibilities, perfect for buyers looking for a “hands-off” investment.
Frequently Asked Questions
What year was Advance Auto Parts built and finished?
Advance Auto Parts was completed in 2004.
Contact Listing Broker
Prime Net Lease