Auto Parts
Advance Auto Parts | 28 Year Operating History | Low Rent | Lima, OH
1133 Bellefontaine Ave, Lima, OH 45804
Listing Price: $1,090,000
Investment Overview
Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, Ohio. 1997 Built-to-Suit, 7,000-Square Foot All-Masonry Building on 0.7-Acre Site with Excellent Visibility, two Curb Cuts & Pylon Sign. Hard Corner Site; Situated Along Bellefontaine Avenue with 12,095 vehicles per day. Bellefontaine Avenue is a Primary Arterial Directly Connecting the I-75 Exit Ramps at Route 309 to Downtown Lima. Subject Property is 0.4-mile from I-75 Exit Ramps, (I-75 = 42,440 vehicles per day), 0.2-mile from Route 309 (26,862 vehicles per day) and 1.1 miles from Downtown Lima.
Advance Auto Parts | 28 Year Operating History | Low Rent | Lima, OH
Investment Highlights
- Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, Ohio
- Demonstrated Commitment to via 2021 Lease Extension; Extended Four Years Early for Additional Five-Year Term in Exchange for 5 Percent Rent Reduction
- In-Place Since 1997 – 28 Years of Tenancy with History of Renewals/Extensions
- Low Rent of $11.67 Per Square Foot and Low Price Per Square Foot of $156
- Reported Sales of $1.26 Million (CY 2023) – Low Rent-to-Sales Ratio of 6.5 Percent
- Advance Auto Parts (AAP) – Publicly-Traded with $2.25 Billion Market Cap & 4,788 Stores
- AAP has Rated Credit with Ratings Updated in Past 4-9 Months – S&P "BB+ / Stable" and Moody's "Ba1 / Stable"
Auto Parts
Advance Auto Parts | 28 Year Operating History | Low Rent | Lima, OH
Listing Price: $1,090,000
Investment Highlights
- Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, Ohio
- Demonstrated Commitment to via 2021 Lease Extension; Extended Four Years Early for Additional Five-Year Term in Exchange for 5 Percent Rent Reduction
- In-Place Since 1997 – 28 Years of Tenancy with History of Renewals/Extensions
- Low Rent of $11.67 Per Square Foot and Low Price Per Square Foot of $156
- Reported Sales of $1.26 Million (CY 2023) – Low Rent-to-Sales Ratio of 6.5 Percent
- Advance Auto Parts (AAP) – Publicly-Traded with $2.25 Billion Market Cap & 4,788 Stores
- AAP has Rated Credit with Ratings Updated in Past 4-9 Months – S&P "BB+ / Stable" and Moody's "Ba1 / Stable"
Investment Overview
Advance Auto Parts Double-Net Lease with 5.75 Years Remaining in Lima, Ohio. 1997 Built-to-Suit, 7,000-Square Foot All-Masonry Building on 0.7-Acre Site with Excellent Visibility, two Curb Cuts & Pylon Sign. Hard Corner Site; Situated Along Bellefontaine Avenue with 12,095 vehicles per day. Bellefontaine Avenue is a Primary Arterial Directly Connecting the I-75 Exit Ramps at Route 309 to Downtown Lima. Subject Property is 0.4-mile from I-75 Exit Ramps, (I-75 = 42,440 vehicles per day), 0.2-mile from Route 309 (26,862 vehicles per day) and 1.1 miles from Downtown Lima.
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