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Advance Auto Parts - Availability Details

800 N. York St, Muskogee, OK 74403

  • For Sale $1,388,500
  • City Muskogee
  • Zip Code 74403
  • Property Type Retail
  • Property Size 7,000 Sqft
  • Lot Size 0.89 Sqft
  • Year Built 2005
  • Date Updated 13 Jun, 2021

The Ficke Team with Colliers is pleased to present investors with the opportunity to acquire a 2005 build-to-suit Advance Auto Parts (NYSE:AAP) leased investment located at 800 N. York Street in Muskogee, Oklahoma. The subject property is fully leased to Advance Auto Parts with an original 15-year ‘double net’ (NN) lease including an additional three, 5-year (five year) options that feature rent escalations. This opportunity presents investors with a unique opportunity to take advantage of a rare 35% rent increase in the first option period beginning in December 2025. This investment vehicle is backed by a corporate guaranteed lease with Advance Auto Parts Moody’s: Baa2.

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Location

  • City Muskogee, OK
  • Zip Code 74403

Contacts

broker

Geoff Ficke

Colliers International

broker

John France

Colliers International

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