Auto Parts
Advance Auto Parts | Across from Target | Infill Trade Area
6408 Stellhorn Rd, Fort Wayne, IN 46815
Listing Price: $1,285,000
Cap Rate
7.35%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$13.49
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Fort Wayne, IN.
Advance Auto Parts | Across from Target | Infill Trade Area
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 19+ Year Operating History at This Location, Proven Concept in the Trade Area
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.49/SF in Rent
- Serving Over 140,800 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $87,000 in 1 Mile and $84,000 in 3 Miles
Auto Parts
Advance Auto Parts | Across from Target | Infill Trade Area
Listing Price: $1,285,000
Cap Rate
7.35%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Double Net
Rent Per Square Feet
$13.49
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 19+ Year Operating History at This Location, Proven Concept in the Trade Area
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.49/SF in Rent
- Serving Over 140,800 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $87,000 in 1 Mile and $84,000 in 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Advance Auto Parts in Fort Wayne, IN.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
