Auto Parts
Advance Auto Parts NNN | Mt. Vernon, OH
945 Coshocton Ave, Mount Vernon, OH 43050
Listing Price: $1,495,000
Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.0
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$213.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.95
Investment Overview
Marcus & Millichap is pleased to present for sale Advance Auto Parts located in Mount Vernon, Ohio.
Advance Auto Parts NNN | Mt. Vernon, OH
Investment Highlights
- Single Tenant 7,000-Square-Foot Advance Auto Parts in Mt Vernon, Ohio
- Long-Term Triple-Net Lease with Tenant Responsible for All Maintenance, Repairs, Taxes, Insurance, and Utilities
- Recent 10 Year Renewal Ending in December 2035 with Two Five-Year Renewal Options
- Strong Rent to Sales of 6.4 Percent
- Large Parcel Size of 1.17 Acres
- Located within Regional Retail Corridor Amongst Major Traffic Drivers Walmart, Kroger, Lowe's, Rural King, Aldi, Planet Fitness, Bealls, Tractor Supply Co, Harbor Freight Tools, and More
- Extremely Strong Retail Corridor - 1.1 Million Square Feet of Retail with 99.5 Percent Occupancy Along 1.3-Mile Stretch of Route 36/Coshocton Avenue
- Growing Population with Steady Projected Growth Through 2029 - Average Household Income of $74,233 within Five Miles
Listing Price: $1,495,000
Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
10.0
Gross SF
7,000
Guarantor
No Guarantee
Rentable SF
7,000
Price/Gross SF
$213.57
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.95
Investment Highlights
- Single Tenant 7,000-Square-Foot Advance Auto Parts in Mt Vernon, Ohio
- Long-Term Triple-Net Lease with Tenant Responsible for All Maintenance, Repairs, Taxes, Insurance, and Utilities
- Recent 10 Year Renewal Ending in December 2035 with Two Five-Year Renewal Options
- Strong Rent to Sales of 6.4 Percent
- Large Parcel Size of 1.17 Acres
- Located within Regional Retail Corridor Amongst Major Traffic Drivers Walmart, Kroger, Lowe's, Rural King, Aldi, Planet Fitness, Bealls, Tractor Supply Co, Harbor Freight Tools, and More
- Extremely Strong Retail Corridor - 1.1 Million Square Feet of Retail with 99.5 Percent Occupancy Along 1.3-Mile Stretch of Route 36/Coshocton Avenue
- Growing Population with Steady Projected Growth Through 2029 - Average Household Income of $74,233 within Five Miles
Investment Overview
Marcus & Millichap is pleased to present for sale Advance Auto Parts located in Mount Vernon, Ohio.
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