Advance Auto Parts - Shelby, OH
Retail | 8.00% CAP | 7,000 SqFt
Marketing description
Atlantic Capital Partners is pleased to present the opportunity to acquire a freestanding Advanced Auto Parts in Shelby, OH. The 7,000 SF building sits on 1.3 acres, and is backed by a corporate guaranty from Advance Stores Company, Inc. The tenant operates under a NN lease with landlord responsibilities limited to foundation and structure. The lease runs through April 30, 2032, with three (5-year) renewal options, providing long-term income security. Current rent is $7,147 monthly, generating a stable NOI of $85,764. The property is positioned along Mansfield Avenue (SR-39) with traffic counts exceeding 13,500 VPD, offering excellent visibility and accessibility. Shelby combines small-town charm and modern amenities with regional connectivity to Akron (72 miles) and Cleveland (89 miles), reinforcing the site's long-term investment appeal.
Investment highlights
Stable Rental Income - Current NOI of $85,764, with renewal options extending potential tenancy through 2047
Corporate Guaranty - Lease guaranteed by Advanced Stores Company, Inc. a leading national auto parts retailer with over 4,000 locations nationwide
Minimal Landlord Obligations - NN Lease with responsibilities limited to foundation and structure, ensuring a low-management investment
Established Retail Corridor - Positioned along Mansfield Avenue (SR-39), a busy highway with traffic counts exceeding 13,500 VPD, providing consistent visibility and access
Appealing Market Dynamics - Shelby offers small-town charm with modern amenities, a diversified economy, and a strong community identity
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