45 Main St - Retail FOR SALE


Savannah, TN 38372
$905,876 USD
925-380-9006
45 Main St, Savannah, TN for Sale
$905,876 USD
Retail - FOR SALE
1/2
null | 6.5% Cap Rate

45 Main St
Savannah, TN 38372


HIGHLIGHTS

  • Advance Auto Parts has been operating out of the location since 2000, and recently extended the lease.
  • Listed at $905,846 with a 6.50% CAP rate, the offering provides an affordable entry point for investors seeking stable, credit-backed cash flow.
  • The area supports over 12,500 residents within a 5-mile radius and average household incomes exceeding $60,000, reinforcing retail viability.
  • Lease backed by Advance Auto Parts, Inc., providing added financial security and peace of mind for investors.
  • The automotive aftermarket sector remains recession-resistant, driven by an aging vehicle population and ongoing demand for parts and maintenance serv

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Advance Auto Parts, a nationally recognized automotive parts retailer located at 45 Main Street in Savannah, Tennessee. This 7,000-square-foot freestanding retail property was built in 2002 and sits on a 1.26-acre parcel in the heart of Savannah’s primary commercial corridor. The property is leased to Advance Auto Parts, Inc., a publicly traded company (NYSE: AAP) and one of the largest automotive aftermarket parts providers in North America. With over 4,600 locations and nearly a century of industry presence, Advance Auto Parts is a creditworthy tenant with strong brand recognition and operational performance. Advance Auto Parts has operated at this location since 2000, demonstrating a long-term commitment to the site. The lease offers 10 years of remaining term through December 31, 2035, with a 6% rent increase in 2031 and two (2) additional 5-year renewal options featuring rental escalations of 28.45% and 4.63%, respectively. The NN lease structure requires the landlord to maintain only the roof, structure, parking lot, and any HVAC repairs over $500. Strategically positioned on Main Street, the property benefits from strong visibility and steady traffic in a regionally significant trade area. Savannah serves as the county seat of Hardin County and draws consistent consumer activity from nearby regional attractions such as Pickwick Lake and Shiloh National Military Park. Demographics within a 5-mile radius include a population of over 12,500 residents and an average household income of approximately $61,000. Priced at $905,846 with a 6.50% CAP rate, this offering represents an attractive opportunity to acquire a stable, income-generating asset backed by a nationally recognized tenant, with long-term cash flow and limited landlord obligations in a growing Tennessee market.

FOR SALE DETAILS

PRICE

$905,876 USD

PRICE/SF

$132 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

B2

APN/PARCEL ID

083A-L-005.00

ASK ABOUT THIS PROPERTY

925-380-9006

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925-380-9006

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