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Auto Parts

Advance Auto Parts | 5 Yrs Remaining | Prime Location

809 E 38th St, Anderson, IN 46013

Listing Price: $825,000

Cap Rate
7.38%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$8.70

Investment Overview

Marcus & Millichap is pleased to bring to market Advance Auto Parts located in Anderson, IN.

Investment Highlights

  • Five Years Remaining on a NN Lease With Two, Five-Year Renewal Options | 63 Percent Rental Increase at the Start of First Option
  • Mature Location with Built-in Customer Base | 2003 Construction | Prime Positioning to Serve its Target Market
  • Advance Auto Parts is an S&P BBB- Credit Rated Tenant
  • Near St. Vincent Regional Hospital with 1,410 Employees & Community Hospital Anderson with 1,980+ Employees
  • Near Multiple National Tenants: Walmart, Lowe's, Kohl's, Starbucks, Walgreens, and More
  • Strong Demographics: Population of 67,200+ Within Five Miles | One Hour from Downtown Indianapolis

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Auto Parts

Advance Auto Parts | 5 Yrs Remaining | Prime Location

Listing Price: $825,000

Cap Rate
7.38%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$8.70

Investment Highlights

  • Five Years Remaining on a NN Lease With Two, Five-Year Renewal Options | 63 Percent Rental Increase at the Start of First Option
  • Mature Location with Built-in Customer Base | 2003 Construction | Prime Positioning to Serve its Target Market
  • Advance Auto Parts is an S&P BBB- Credit Rated Tenant
  • Near St. Vincent Regional Hospital with 1,410 Employees & Community Hospital Anderson with 1,980+ Employees
  • Near Multiple National Tenants: Walmart, Lowe's, Kohl's, Starbucks, Walgreens, and More
  • Strong Demographics: Population of 67,200+ Within Five Miles | One Hour from Downtown Indianapolis

Investment Overview

Marcus & Millichap is pleased to bring to market Advance Auto Parts located in Anderson, IN.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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