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Advance Auto Parts

179 Sgt Prentiss Dr, Natchez, MS 39120, USA

Price:
Undisclosed
CAP Rate:
Undisclosed
Net Rentable Area:
6,733 SF
Lot Size:
0.73 Acres
Year Built:
1998
Status:
SOLD

Download the Offering Memorandum for details about the tenant, lease, financials, and more.

Property Details

  • LONG TERM INVESTMENT Brand new 10 year NNN lease, commenced 9/1/2023
  • PASSIVE “SLEEP AT NIGHT” OPPORTUNITY Absolute net lease calls for zero landlord responsibilities, tenant is responsible for all expenses, including roof & structure
  • STRONG CORPORATE GUARANTEE Advance Auto Parts, holds a BB+ credit rating (S&P) and is backed by over 5,000 locations
  • MINIMAL COMPETITION The subject property is the only Advance Auto within a 50+ mile radius
  • RECESSION RESISTANT PRODUCT Auto part sales tend to do better in economic downturns, and was deemed an essential retailer during the pandemic
  • STRATEGICALLY LOCATED Sgt Prentiss Dr (Blues Hwy) is the area’s main retail corridor with 30,000 VPD passing by, neighboring tenants include Walmart, Dollar General, Wendy’s, and Sonic

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GET IN TOUCH WITH US

DIRECT:

818.907.9525

OFFICE:

818.212.2730

Email:

Corporate Office:

16830 Ventura Blvd. Suite 100, Encino, CA 91436

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