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Auto Parts

Advance Auto Parts

1370 Ashland Rd, Mansfield, OH 44905

Listing Price: $660,000

Cap Rate
8.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.8
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$94.29
Lease Type
Double Net
Rent Per Square Feet
$7.54

Investment Overview

Marcus & Millichap is Pleased to Present for Sale Advance Auto Parts in Mansfield, Ohio

Investment Highlights

  • Tenant has Been Operating at this Location for Over 25 Years
  • Tenant Extended Their Lease in 2022 | 4.25 Years Remaining on Lease
  • Cheap Rent in Place at $7.54 per Square Foot
  • Significant 13.6 Percent Rental Increase in the Next Renewal Option
  • All-Brick Construction Building with Ample Parking | Large 1.87-Acre Site
  • Dense Infill Location | 4,888 Residents in One Mile Radius | 20,210 Residents in a Three Mile Radius
  • Positioned Along Ashland Road with Easy Access & Visibility to Over 13,800 Cars per Day
  • Extensive Roof Upgrades (Over $22K) in 2023 and Recently Resealed Parking Lot

Exclusively Listed By

Financing By

Auto Parts

Advance Auto Parts

Listing Price: $660,000

Cap Rate
8.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.8
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$94.29
Lease Type
Double Net
Rent Per Square Feet
$7.54

Investment Highlights

  • Tenant has Been Operating at this Location for Over 25 Years
  • Tenant Extended Their Lease in 2022 | 4.25 Years Remaining on Lease
  • Cheap Rent in Place at $7.54 per Square Foot
  • Significant 13.6 Percent Rental Increase in the Next Renewal Option
  • All-Brick Construction Building with Ample Parking | Large 1.87-Acre Site
  • Dense Infill Location | 4,888 Residents in One Mile Radius | 20,210 Residents in a Three Mile Radius
  • Positioned Along Ashland Road with Easy Access & Visibility to Over 13,800 Cars per Day
  • Extensive Roof Upgrades (Over $22K) in 2023 and Recently Resealed Parking Lot

Investment Overview

Marcus & Millichap is Pleased to Present for Sale Advance Auto Parts in Mansfield, Ohio

Exclusively Listed By

Financing By

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