Investment Overview

Marcus & Millichap is pleased to present this Corporate guaranteed Advance Auto Parts. This 7,000 SF freestanding building is offered at $850,000, with a 7.06% Cap Rate. An attractive $121.43/SF, which is well below current replacement cost. Advance Auto Parts recently extended its lease through December 31, 2036, demonstrating long term commitment to this established location. The tenant pays $60,000 in annual rent and is responsible for taxes, insurance, CAM, and all interior nonstructural maintenance, while also covering 50% of HVAC replacement, resulting in minimal landlord responsibilities and dependable cash flow. The store has operated successfully for over 20 years, highlighting strong historical performance and durable tenant demand. The property is strategically positioned along North 5th Avenue, a primary commercial corridor serving Manchester and the surrounding trade area, with convenient access to U.S. Highway 80, providing connectivity to Columbus and regional traffic patterns. As one of the few national auto parts retailers in the immediate market, the location benefits from limited local competition and consistent customer demand driven by surrounding residential neighborhoods and community oriented uses. This offering presents investors with the opportunity to acquire a single tenant asset featuring long term lease security, a landlord friendly expense structure, and a proven operating history at an attractive entry point.