400 E Mountain Pky - Freestanding FOR SALE


Salyersville, KY 41465
$1,262,000 USD
248-688-0630
400 E Mountain Pky, Salyersville, KY for Sale
$1,262,000 USD
Freestanding - FOR SALE
1/9
null | 8.35% Cap Rate

400 E Mountain Pky
Salyersville, KY 41465


HIGHLIGHTS

  • Corporate Guaranteed (NYSE:AAP) | Long Term Occupancy
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Mountain Parkway (9K+ VPD) | Transportation Expansion Project
  • High Vehicle Ownership Rates | Transportation Corridor

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: AAP) Advance Auto Parts investment property located in Salyersville, KY. The tenant, Advance Auto Parts, Inc., has occupied the site for over 13-years and has 3 (5-year) options to extend. The lease features a 4.6% rental increase in the first option and 10% in the second and third options, providing a hedge against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Advance Auto Parts is a leading automotive parts provider with over 4,300 stores.

FOR SALE DETAILS

PRICE

$1,262,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts | Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

Commercial

APN/PARCEL ID

049-00-00-037.03

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.