Listed by CP Partners
$990,000
Advance Auto Parts
Details
Property Type Retail
Sub Type Auto Shop, Freestanding
Square Footage 6,889
Net Rentable (SqFt) 6,889
Cap Rate 8%
NOI $79,200
Occupancy 100%
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NNN
Lease Term 20.1
Lease Expiration 12/31/2035
Remaining Term 9.6
Rent Bumps Yes
Lease Options Five, 5-year
Price per SqFt $144
Buildings 1
Stories 1
Acreage 0.530
Parking Spaces 24 spaces
Parking Per SqFt 3.48
Investment Type Net Lease
Lease Commencement 12/17/2015
Retail | 8.00% CAP | 6,889 SqFt
Marketing description
Tenant recently signed a 10-year lease extension demonstrating their dedication to this site, which ranks in the top 20% of Advance Auto locations in Ohio in terms of annual visits (per Placer.ai). The subject property benefits from standalone visibility along 5th Street, the main retail thoroughfare through Beverly, which is lined with other national tenants including McDonald’s Subway, Domino’s, and USPS.
Investment highlights
Early 10-year lease extension demonstrating dedication to the site
Corporate lease signed by Advance Stores Company, Inc.
Top 20% Advance Auto location in Ohio in terms of annual visits (per Placer.ai)
Excellent intrinsics – low rent ($11.50/SF) & price per foot ($143)
Advance Auto Parts reported $8.6 billion in net revenues for FY 2025
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,200.00
$6,600.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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