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Auto Parts

Advance Auto Parts

177 Lexington Ave, Mansfield, OH 44907

Listing Price: $860,000

Cap Rate
7.75%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.2
Gross SF
5,675
Guarantor
Corporate Guarantee
Rentable SF
5,675
Price/Gross SF
$151.54
Lease Type
Double Net
Rent Per Square Feet
$11.74

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Advance Auto Parts located in Mansfield, Ohio. Advance Auto Parts has been at this location for over 23 years and is comprised of 5,675 square feet. In 2017, the roof was replaced and the parking lot was recently resurfaced. The property is an all brick construction with ample parking. The tenant is only responsible for taxes, insurance and common area maintenance. Advance Auto Parts is being offered for $860,000.

Investment Highlights

  • 5,675-Square-Foot Advance Auto Parts in Mansfield, Ohio
  • Tenant has Been Operating Successfully at this Location for Over 23 Years
  • Newer Roof (2017) and Recently Resurfaced Parking Lot
  • Significant Rental Increases in the Renewal Options
  • All-Brick Construction Building with Ample Parking
  • Positioned Along Lexington Avenue with Easy Access and Visibility to Over 12,000 Cars per Day
  • Tenant is Responsible for Taxes, Insurance and Common Area Maintenance
  • Mansfield is the Largest City Between Cleveland and Columbus Along I-71

Exclusively Listed By

Financing By

Listing Price: $860,000

Cap Rate
7.75%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
3.2
Gross SF
5,675
Guarantor
Corporate Guarantee
Rentable SF
5,675
Price/Gross SF
$151.54
Lease Type
Double Net
Rent Per Square Feet
$11.74

Investment Highlights

  • 5,675-Square-Foot Advance Auto Parts in Mansfield, Ohio
  • Tenant has Been Operating Successfully at this Location for Over 23 Years
  • Newer Roof (2017) and Recently Resurfaced Parking Lot
  • Significant Rental Increases in the Renewal Options
  • All-Brick Construction Building with Ample Parking
  • Positioned Along Lexington Avenue with Easy Access and Visibility to Over 12,000 Cars per Day
  • Tenant is Responsible for Taxes, Insurance and Common Area Maintenance
  • Mansfield is the Largest City Between Cleveland and Columbus Along I-71

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Advance Auto Parts located in Mansfield, Ohio. Advance Auto Parts has been at this location for over 23 years and is comprised of 5,675 square feet. In 2017, the roof was replaced and the parking lot was recently resurfaced. The property is an all brick construction with ample parking. The tenant is only responsible for taxes, insurance and common area maintenance. Advance Auto Parts is being offered for $860,000.

Exclusively Listed By

Financing By

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