Advance Auto Parts | Corporate Guaranteed | Recently… — Sale in Manchester, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Manchester, GA 31816

Investment Figures

Cap rate
7.06%

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

Marcus & Millichap is pleased to present this Corporate guaranteed Advance Auto Parts. This 7,000 SF freestanding building is offered at $850,000, with a 7.06% Cap Rate. An attractive $121.43/SF, which is well below current replacement cost. Advance Auto Parts recently extended its lease through December 31, 2036, demonstrating long term commitment to this established location. The tenant pays $60,000 in annual rent and is responsible for taxes, insurance, CAM, and all interior nonstructural maintenance, while also covering 50% of HVAC replacement, resulting in minimal landlord responsibilities and dependable cash flow. The store has operated successfully for over 20 years, highlighting strong historical performance and durable tenant demand. The property is strategically positioned along North 5th Avenue, a primary commercial corridor serving Manchester and the surrounding trade area, with convenient access to U.S. Highway 80, providing connectivity to Columbus and regional traffic patterns. As one of the few national auto parts retailers in the immediate market, the location benefits from limited local competition and consistent customer demand driven by surrounding residential neighborhoods and community oriented uses. This offering presents investors with the opportunity to acquire a single tenant asset featuring long term lease security, a landlord friendly expense structure, and a proven operating history at an attractive entry point. Investment Highlights: • Recent Lease Renewal: Tenant recently extended the lease through December 31, 2036, showing long term commitment to this established location. • Stable Cash Flow: Tenant pays $60,000 annually, with no Landlord responsibility to taxes, insurance, and CAM. • Recent Improvements: Parking lot was re-sealed and re-striped in 2023. Full work up of HVAC unit in 2022, with a new capacitator in 2024. And a new roof in 2017. • Below Replacement Cost: Priced well below current replacement cost, offering an attract

Market Context

This retail in Manchester, GA is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Manchester, GA — view the full market.

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