Advance Auto Parts - Lebanon, KY
Advance Auto Parts | Below Market Rent | Recently Renovated
Marketing description
We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 749 West Main Street in Lebanon, KY. The investment features just under 3 years remaining on a Double Net (NN) Lease with a 58% rent increase at the option period, a current rent of $37,800, and strong upside potential, supported by a strong ~4% rent-to-sales ratio.
Investment highlights
Lease Backed by National Tenant: Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6 B in annual sales (2025).
~3 Years Remaining | 58% Rent Increase at Option: Just under 3 years remaining on a Double Net Lease (NN) with 58% rent increase at the option period.
Prime Retail Location: Situated along Lebanon’s main retail corridor with 14,000+ VPD
Below Market Rent: Current rent of $37,800 with upside at lease option, offering future value growth.
Recent Capital Investment: Recent capital improvements include a new roof completed in 2024, an HVAC system upgrade completed in 2024, and parking lot repairs completed in 2023, significantly reducing near-term maintenance expenses.
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