Skip to main content

Auto Parts

Advance Auto Parts #7543

612 Lincoln Ave, Cadiz, OH 43907

Listing Price: $1,558,869

Cap Rate
6.10%
Tenant Name
Advance Auto Parts #7543
Years Remaining On Lease
7.6
Gross SF
6,895
Guarantor
Corporate Guarantee
Rentable SF
6,895
Price/Gross SF
$226.09
Lease Type
Double Net
Rent Per Square Feet
$13.79

Investment Overview

Marcus & Millichap is pleased to present this single tenant, net-leased auto parts store in the city of Cadiz, Harrison County, Ohio. The tenant is Advance Auto Parts Inc (NASDAQ: AAP), a market leader in the aftermarket auto parts industry with over 6,000 locations nationwide.

The subject property, Advance Auto Parts #7543, was built in 2013 with rental payments commencing December 19, 2013. The building is double-net (NN) leased to Advance Auto Parts Inc for 15 years with an additional three, five year options to renew.

Advance Auto Parts #7543 sits on Lincoln Avenue which serves as the main North/South route running through Cadiz. Ohio Department of Transportation reports average daily traffic levels of over 6.900 vehicles driving by the subject property. This property sits adjacent to both a relatively new Tractor Supply Company and Dollar General, built in 2017 and 2012 respectively, as well as being across the street from Rite Aid. This area serves as the central commercial corridor for the city of Cadiz.

The price of the property is $1,558,869 at a 6.1% cap with an annual rent of $95.091.

Investment Highlights

  • Net Operating Income of $95,091
  • Single Tenant, Double-Net 'NN' Leased Property
  • Corporate Guaranteed by Advance Auto Parts
  • Standard & Poors 'BBB-' Tenant
  • High Local Traffic Counts
  • Central Retail Corridor Location

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Auto Parts

Advance Auto Parts #7543

Listing Price: $1,558,869

Cap Rate
6.10%
Tenant Name
Advance Auto Parts #7543
Years Remaining On Lease
7.6
Gross SF
6,895
Guarantor
Corporate Guarantee
Rentable SF
6,895
Price/Gross SF
$226.09
Lease Type
Double Net
Rent Per Square Feet
$13.79

Investment Highlights

  • Net Operating Income of $95,091
  • Single Tenant, Double-Net 'NN' Leased Property
  • Corporate Guaranteed by Advance Auto Parts
  • Standard & Poors 'BBB-' Tenant
  • High Local Traffic Counts
  • Central Retail Corridor Location

Investment Overview

Marcus & Millichap is pleased to present this single tenant, net-leased auto parts store in the city of Cadiz, Harrison County, Ohio. The tenant is Advance Auto Parts Inc (NASDAQ: AAP), a market leader in the aftermarket auto parts industry with over 6,000 locations nationwide.

The subject property, Advance Auto Parts #7543, was built in 2013 with rental payments commencing December 19, 2013. The building is double-net (NN) leased to Advance Auto Parts Inc for 15 years with an additional three, five year options to renew.

Advance Auto Parts #7543 sits on Lincoln Avenue which serves as the main North/South route running through Cadiz. Ohio Department of Transportation reports average daily traffic levels of over 6.900 vehicles driving by the subject property. This property sits adjacent to both a relatively new Tractor Supply Company and Dollar General, built in 2017 and 2012 respectively, as well as being across the street from Rite Aid. This area serves as the central commercial corridor for the city of Cadiz.

The price of the property is $1,558,869 at a 6.1% cap with an annual rent of $95.091.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower