600 N Morton St - Freestanding FOR SALE
Franklin, IN 46131 |
$1,776,634 USD
843-510-0551
600 N Morton St
Franklin, IN 46131
HIGHLIGHTS
- The lease is backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody's.
- Within a 3-mile radius, Franklin features a demographic profile hosting 26,335 residents with an average household income of $87,401.
- Premier leader in the automotive aftermarket parts industry with over 4,200 stores in operation.
- Founded in 1932, Advance Auto Parts employs over 62,000 people nationwide.
- Publicly traded entity on the New York Stock Exchange (NYSE: AAP).
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 6,157 SF Advance Auto Parts located at 600 North Morton Street in Franklin, IN. This offering features a lease backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody’s, and $9.1 billion in annual sales for 2024, presenting a stable, long-term, income-producing investment opportunity.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,776,634 USD
PRICE/SF
$289 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Franklin, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Dealership, Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
GB
APN/PARCEL ID
41-08-15-014-001.019-009
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843-510-0551
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843-510-0551
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