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Auto Parts

Advance Auto Parts

170 Portland Way N, Galion, OH 44833

Listing Price: $871,500

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.5
Gross SF
5,675
Guarantor
Corporate Guarantee
Rentable SF
5,675
Price/Gross SF
$153.57
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Advance Auto Parts in Galion, Ohio. The subject property is comprised of 5,675 square feet and sits on 1.39 acres. There is a newer roof with warranty and all brick construction with ample parking on a recently resurfaced parking lot. Advance Auto Parts has been operating successfully at the location for over 23 years.

Investment Highlights

  • 5,675 Square Foot Advance Auto Parts in Galion, Ohio
  • Nearly Four Years of Remaining Lease Term
  • Strong Store Sales | Tenant is Operating at a 4.2 Percent Rent to Sales Ratio
  • Newer Roof (with Warranty) and Recently Resurfaced Parking Lot
  • Tenant Has Been Operating Successfully at This Location for Over 23 Years
  • Significant 24 Percent Rental Increase in the Next Renewal Option
  • All-Brick Construction Building with Ample Parking
  • Positioned Along Portland Way N with Easy Access and Visibility to 10,957 Cars Per Day

Exclusively Listed By

Listing Price: $871,500

Cap Rate
7.00%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.5
Gross SF
5,675
Guarantor
Corporate Guarantee
Rentable SF
5,675
Price/Gross SF
$153.57
Lease Type
Double Net
Rent Per Square Feet
$10.75

Investment Highlights

  • 5,675 Square Foot Advance Auto Parts in Galion, Ohio
  • Nearly Four Years of Remaining Lease Term
  • Strong Store Sales | Tenant is Operating at a 4.2 Percent Rent to Sales Ratio
  • Newer Roof (with Warranty) and Recently Resurfaced Parking Lot
  • Tenant Has Been Operating Successfully at This Location for Over 23 Years
  • Significant 24 Percent Rental Increase in the Next Renewal Option
  • All-Brick Construction Building with Ample Parking
  • Positioned Along Portland Way N with Easy Access and Visibility to 10,957 Cars Per Day

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Advance Auto Parts in Galion, Ohio. The subject property is comprised of 5,675 square feet and sits on 1.39 acres. There is a newer roof with warranty and all brick construction with ample parking on a recently resurfaced parking lot. Advance Auto Parts has been operating successfully at the location for over 23 years.

Exclusively Listed By

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