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Auto Parts

Advance Auto Parts | Hard Corner Highway Exit Location | Sidney, OH

1510 Michigan St, Sidney, OH 45365

Listing Price: $1,396,000

Cap Rate
7.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.7
Gross SF
6,124
Guarantor
No Guarantee
Rentable SF
6,124
Price/Gross SF
$227.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.10

Investment Overview

Advance Auto Parts NNN lease with 6.75 years remaining in Sidney, Ohio (48K-Person MSA). 2011 built-to-suit, 6,124-square-foot all-masonry building on 0.69-acre site with excellent visibility, two curb cuts & pylon sign. Hard corner, highway-exit site – Just 0.15-mile east of I-75 exit ramps (I-75 = 49,900 vehicles per day). Situated along Route 47 with 17,436 vehicles per day, 1.1 miles West of Downtown Sidney. route 47 is Sidney’s highest-traffic arterial; primary east-west roadway connecting the I-75 exit ramps at route 309 to Downtown Lima.

Investment Highlights

  • Advance Auto Parts NNN Lease with 6.75 Years Remaining in Sidney, Ohio (48K-Person MSA)
  • Strong Intrinsic Value in the Underlying Highway-Adjacent Real Estate; Low Price Per Square Foot of $228
  • Demonstrated Commitment to Site via 2021 Lease Extension; Extended Six Years Early for Additional Five-Year Term
  • Minimal Landlord Responsibilities – "Structure" Only; Tenant Fully Responsible for Roof & HVAC During Current Term
  • Advance Auto Parts (AAP) – Publicly-Traded with $2.25 Billion Market Cap and 4,788 Stores
  • S&P "BB+ / Stable" and Moody's "Ba1 / Stable"

Exclusively Listed By

Financing By

Auto Parts

Advance Auto Parts | Hard Corner Highway Exit Location | Sidney, OH

Listing Price: $1,396,000

Cap Rate
7.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
6.7
Gross SF
6,124
Guarantor
No Guarantee
Rentable SF
6,124
Price/Gross SF
$227.96
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.10

Investment Highlights

  • Advance Auto Parts NNN Lease with 6.75 Years Remaining in Sidney, Ohio (48K-Person MSA)
  • Strong Intrinsic Value in the Underlying Highway-Adjacent Real Estate; Low Price Per Square Foot of $228
  • Demonstrated Commitment to Site via 2021 Lease Extension; Extended Six Years Early for Additional Five-Year Term
  • Minimal Landlord Responsibilities – "Structure" Only; Tenant Fully Responsible for Roof & HVAC During Current Term
  • Advance Auto Parts (AAP) – Publicly-Traded with $2.25 Billion Market Cap and 4,788 Stores
  • S&P "BB+ / Stable" and Moody's "Ba1 / Stable"

Investment Overview

Advance Auto Parts NNN lease with 6.75 years remaining in Sidney, Ohio (48K-Person MSA). 2011 built-to-suit, 6,124-square-foot all-masonry building on 0.69-acre site with excellent visibility, two curb cuts & pylon sign. Hard corner, highway-exit site – Just 0.15-mile east of I-75 exit ramps (I-75 = 49,900 vehicles per day). Situated along Route 47 with 17,436 vehicles per day, 1.1 miles West of Downtown Sidney. route 47 is Sidney’s highest-traffic arterial; primary east-west roadway connecting the I-75 exit ramps at route 309 to Downtown Lima.

Exclusively Listed By

Financing By

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