Advance Auto NNN for Sale in Kalkaska, MI — $993K | 7.4% Cap
- $993,243
Advance Auto NNN for Sale in Kalkaska, MI — $993K | 7.4% Cap
- $993,243
Details
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Price $993,243
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CAP Rate 7.4%
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Tenant Advance Auto Parts
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Years Left 10.8 years left
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NOI $73,500
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City Kalkaska
Description
Advance Auto NNN for Sale in Kalkaska, MI — $993,243 | 7.4% Cap
This Advance Auto triple net lease property in Kalkaska, MI offers passive income investors investment-grade credit, 10.8-year lease through 2036, and $73,500 annual NOI at 7.4% cap rate with absolute NNN structure.
7.40% Cap | 2011 BTS
Investment highlights
Lease & Location Highlights
● Constructed in 2011 as a built-to-suit for Advance Auto Parts.
● Tenant recently executed an early 10-year lease extension through October 2036, with two additional five-year renewal options extending potential occupancy through 2046—reflecting long-term operational commitme
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