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Auto Parts

Advance Auto Parts

300 S 1st Ave, La Grange, KY 40031

Listing Price: $1,621,000

Cap Rate
6.35%
Tenant Name
Advance Auto Parts, Inc.
Years Remaining On Lease
4.2
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.71

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 La Grange, KY. 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 - HH Income at $102,385 within 5 miles & Median age at 35.4 within 1 mile
  • Excellent Sightline, Visibility, Exposure & Signage - Located in the Main Retail Corridor of this community
  • Located 20 miles Northeast of Louisville, KY

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Auto Parts

Advance Auto Parts

Listing Price: $1,621,000

Cap Rate
6.35%
Tenant Name
Advance Auto Parts, Inc.
Years Remaining On Lease
4.2
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.71

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 - HH Income at $102,385 within 5 miles & Median age at 35.4 within 1 mile
  • Excellent Sightline, Visibility, Exposure & Signage - Located in the Main Retail Corridor of this community
  • Located 20 miles Northeast of Louisville, KY

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 La Grange, KY. 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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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