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Auto Parts

Advance Auto Parts

10200 W Sprague Rd, Parma, OH 44130

Listing Price: $1,320,000

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.1
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$188.57
Lease Type
Double Net
Rent Per Square Feet
$13.20

Investment Overview

The subject property is a 7,000-square-foot, single-tenant, Advance Auto Parts situated on
a large, 1.30-acre site in Parma, Ohio. The city of Parma, Ohio, is located in the southern
edge of Cleveland, with a population of 186,000 within a five-mile radius of the subject
property.

Investment Highlights

  • New Five-Year Lease Extension Through 12/31/2029
  • Advance Auto has been Operating at this Location for 21 Years
  • Average Household Income of $87,000
  • Daily Traffic Counts of 16,400 on West Sprague Road

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Auto Parts

Advance Auto Parts

Listing Price: $1,320,000

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.1
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$188.57
Lease Type
Double Net
Rent Per Square Feet
$13.20

Investment Highlights

  • New Five-Year Lease Extension Through 12/31/2029
  • Advance Auto has been Operating at this Location for 21 Years
  • Average Household Income of $87,000
  • Daily Traffic Counts of 16,400 on West Sprague Road

Investment Overview

The subject property is a 7,000-square-foot, single-tenant, Advance Auto Parts situated on a large, 1.30-acre site in Parma, Ohio. The city of Parma, Ohio, is located in the southern edge of Cleveland, with a population of 186,000 within a five-mile radius of the subject property.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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