Advance Auto Parts - Carrolton, OH
±9 Year Lease | 8.50% Cap Rate
Marketing description
AMC Real Estate Investment Services is pleased to offer for sale a single-tenant Advance Auto Parts located at 427 Canton Rd NW, Carrollton, Ohio. The property is fully leased to Advance Auto Parts, a nationally recognized automotive aftermarket retailer providing essential vehicle maintenance parts and accessories. As a necessity-driven retailer serving both retail consumers and professional installers, the store benefits from consistent demand and resilient performance across economic cycles.
The property is strategically positioned along Canton Road NW, a primary commercial corridor serving Carrollton and the surrounding region, with traffic counts of approximately ±10,710 vehicles per day. This high-visibility location offers convenient access and steady pass-by traffic, supporting frequent visits and aligning with Advance Auto Parts’ service-oriented, repeat-customer business model.
The site benefits from its location within Carroll County and the broader eastern Ohio region, supported by a stable employment base tied to manufacturing, transportation, energy, and local services. The surrounding trade area is characterized by established residential communities and limited direct competition, providing a dependable customer base for automotive necessity retail.
This offering presents investors with the opportunity to acquire a stabilized, single-tenant net-leased asset backed by a nationally recognized retailer in a supply-constrained market. With predictable cash flow, minimal landlord management responsibilities, and durable fundamentals tied to essential automotive demand, the property is well suited for passive investors and 1031 exchange buyers seeking long-term stability.
Investment highlights
- Advance Auto Parts necessity-based retailer with consistent, recession-resistant demand.
- 27+ years of continuous operation at the site.
- 24% rent increase in the most recent lease extension.
- Visibility to ±10,698 vehicles per day.
- Low rent at $9.69/SF, supporting long-term tenant sustainability.
- Tenant responsible for taxes, insurance, and CAM.
- Single-tenant asset with predictable cash flow and minimal management.
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