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Auto Parts

Advance Auto Parts | NNN | 9.5 Years Remaining | Whitley City, KY

1618 US Hwy 27, Whitley City, KY 42653

Listing Price: $1,333,000

Cap Rate
6.45%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.5
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$190.43
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Overview

Marcus & Millichap is pleased to present for sale Advance Auto Parts Triple Net Lease with Nine and a Half Years Remaining in Whitley City, Kentucky. Large 1.8-Acre Site with Prototypical 7,000-Square-Foot Building and Ample Parking Area. US Highway 27 is Primary and Busiest North-South Roadway Serving the Area with 13,710 Vehicles per Day; Cuts thru the Daniel Boone National Forest.

Investment Highlights

  • Advance Auto Parts Triple-Net Lease with Nine and a Half Years Remaining in Whitley City, KentuckyY
  • Rare Zero Landlord Responsibility for Roof, Parking Lot, HVAC and Building Exterior Appearance; Tenant Self-Maintains Property Insurance and CAM
  • Extremely Minimal Landlord Responsibilities – Liability Insurance (Can be Umbrella Policy) and Structure/Slab Only
  • Tenant Since 2005 (Build-to-Suit) with 18 Years of Tenancy Tenure. Demonstrated Strong Commitment to Site via Recent 10-Year Early Extension Taking Current Term into 2033
  • Cheap/Replaceable Rent - $85K Annually; $12 per Square Foot
  • Placer.ai Ranked Top 32 Percent (68th Percentile) Nationally Amongst Chain; Top 36 Percent (64th Percentile) within Kentucky
  • US Highway 27 is Primary and Busiest North-South Roadway Serving the Area with 13,710 Vehicles per Day; Cuts thru the Daniel Boone National Forest
  • Located in the Middle of the Area's Primary Retail Corridor Amongst Kroger, Save-a-Lot, Walgreens, McDonald's, Dollar General, Family Dollar, Arby's, Taco Bell, Little Caesar's

Exclusively Listed By

Financing By

Auto Parts

Advance Auto Parts | NNN | 9.5 Years Remaining | Whitley City, KY

Listing Price: $1,333,000

Cap Rate
6.45%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
9.5
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$190.43
Lease Type
Double Net
Rent Per Square Feet
$12.19

Investment Highlights

  • Advance Auto Parts Triple-Net Lease with Nine and a Half Years Remaining in Whitley City, KentuckyY
  • Rare Zero Landlord Responsibility for Roof, Parking Lot, HVAC and Building Exterior Appearance; Tenant Self-Maintains Property Insurance and CAM
  • Extremely Minimal Landlord Responsibilities – Liability Insurance (Can be Umbrella Policy) and Structure/Slab Only
  • Tenant Since 2005 (Build-to-Suit) with 18 Years of Tenancy Tenure. Demonstrated Strong Commitment to Site via Recent 10-Year Early Extension Taking Current Term into 2033
  • Cheap/Replaceable Rent - $85K Annually; $12 per Square Foot
  • Placer.ai Ranked Top 32 Percent (68th Percentile) Nationally Amongst Chain; Top 36 Percent (64th Percentile) within Kentucky
  • US Highway 27 is Primary and Busiest North-South Roadway Serving the Area with 13,710 Vehicles per Day; Cuts thru the Daniel Boone National Forest
  • Located in the Middle of the Area's Primary Retail Corridor Amongst Kroger, Save-a-Lot, Walgreens, McDonald's, Dollar General, Family Dollar, Arby's, Taco Bell, Little Caesar's

Investment Overview

Marcus & Millichap is pleased to present for sale Advance Auto Parts Triple Net Lease with Nine and a Half Years Remaining in Whitley City, Kentucky. Large 1.8-Acre Site with Prototypical 7,000-Square-Foot Building and Ample Parking Area. US Highway 27 is Primary and Busiest North-South Roadway Serving the Area with 13,710 Vehicles per Day; Cuts thru the Daniel Boone National Forest.

Exclusively Listed By

Financing By

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