triple net opportunity

Genuine Parts Co | Wallace, NC

Sands Investment Group is Pleased to Present Exclusively For Sale the Triple Net Opportunity Located at 716 N Norwood Street in Wallace, North Carolina.

  • Corporate Guarantee From Genuine Parts Company (NYSE: GPC) With a Market Cap of Approximately $12.5 Billion
  • Deemed as an Essential Business
  • Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • Very Attractive Annual Rent Increases of Greater of 2.5% or CPI
  • Below Market Rent
  • Strategically Located on a Corner at a Signalized Intersection
  • Provides Trucks Parts to an Underserved Market
  • Located on a Main Retail Corridor
  • Situated Just Off N Norwood Street Which Sees Traffic Count of Over 13,452 VPD
  • Nearby Tenants Include: Tractor Supply Co, KFC, Hardee’s, Piggly Wiggly, BB&T, Framers Home Furniture and Advance Auto Parts

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575

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  • Paris & Potter Management Company: Highly Respected 20 KFC Unit Operator in NC & SC and $22.5M in Revenue
  • 5 Year Absolute NNN Lease – Zero Landlord Responsibilities
  • 5 x 5 Year Options for Renewal
  • 10% Increase at Each Option
  • 8% Rent to Sales Ratio
  • Exterior Maintenance Including New Paint Completed July 2016
  • Located Along Dense Retail Corridor
  • Strong Visibility from N. Norwood Street and E. Lanier Street
  • Interstate Highway Signage
  • Neighboring Tenants Include: Dollar General, Hardee’s, Advance Auto, CVS and Pizza Hut
  • In Cooperation with JDS Real Estate Services, Inc. Lic # 281180