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Auto Parts

Advance Auto Parts

725 Tennessee Ave, Etowah, TN 37331

Listing Price: $1,696,000

Cap Rate
5.40%
Tenant Name
Advance Auto Parts, Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
7,308
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.54

Investment Overview

Marcus & Millichap is pleased to present Advance Auto Parts, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Etowah, TN. This unique investment opportunity is ideally positioned in the main retail corridor of this community with excellent visibility and signage. The subject property has a corporate guaranteed NNN lease as well as a successful 18-year operating history. Advance Auto Parts is a fortified asset class and is recession and pandemic resistant. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • NNN (Landlord Responsible for Structure only - Corporate Guaranteed Lease
  • Successful 18-Year Operating History
  • Fortified Asset Class - Recession & Pandemic Resistant
  • Ideal Demographics for Concept - Average HH income at $60,236 and median age at 47.2
  • Excellent Sightline, Visibility, Exposure & Signage - Located in the Main Retail Corridor of this community
  • Located between Chattanooga and Knoxville, Tennessee in the Athens MSA

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Auto Parts

Advance Auto Parts

Listing Price: $1,696,000

Cap Rate
5.40%
Tenant Name
Advance Auto Parts, Inc.
Years Remaining On Lease
8.6
Guarantor
Corporate Guarantee
Rentable SF
7,308
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.54

Investment Highlights

  • NNN (Landlord Responsible for Structure only - Corporate Guaranteed Lease
  • Successful 18-Year Operating History
  • Fortified Asset Class - Recession & Pandemic Resistant
  • Ideal Demographics for Concept - Average HH income at $60,236 and median age at 47.2
  • Excellent Sightline, Visibility, Exposure & Signage - Located in the Main Retail Corridor of this community
  • Located between Chattanooga and Knoxville, Tennessee in the Athens MSA

Investment Overview

Marcus & Millichap is pleased to present Advance Auto Parts, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Etowah, TN. This unique investment opportunity is ideally positioned in the main retail corridor of this community with excellent visibility and signage. The subject property has a corporate guaranteed NNN lease as well as a successful 18-year operating history. Advance Auto Parts is a fortified asset class and is recession and pandemic resistant. The subject property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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