504 S Heaton St - Freestanding FOR SALE


Knox, IN 46534
$1,355,000 USD
248-688-0630
504 S Heaton St, Knox, IN for Sale
$1,355,000 USD
Freestanding - FOR SALE
1/9
null | 8.25% Cap Rate

504 S Heaton St
Knox, IN 46534


HIGHLIGHTS

  • Corporate Guaranteed (NYSE:AAP) | Long Term Occupancy
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Excellent Visibility on South Heaton St. (13,300 VPD) |Primary Commercial Corridor Ft. National Retail Tenants
  • Direct Consumer Base | Centralized Midwest Location

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 Knox, IN. The tenant, Advance Auto Parts, Inc., has occupied the site for over 20-years and has 3 (5-year) options to extend. The lease features 5% rental increases at the beginning of each option period, 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

$1,355,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

8.25%

% 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

2006

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-2

APN/PARCEL ID

75-06-23-301-114.000-004

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.