749 W Main St - Freestanding FOR SALE
Lebanon, KY 40033 |
$580,000 USD
843-510-0551
749 W Main St
Lebanon, KY 40033
HIGHLIGHTS
- Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6B in annual sales (2025).
- Advance Auto Parts just extended the lease for an additional 5 years, showing a long-term commitment to the site.
- 7+ years are remaining on a double net lease with a 10% rent increase at the option period.
- Situated along Lebanon’s main retail corridor with 14,000+ VPD.
- Advance has been at this location for over 30 years, showing commitment to this market and being a staple of the community.
OVERVIEW
We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 749 West Main Street in Lebanon, KY.? Occupying this site for over 30 years, Advance Auto Parts recently extended its lease, demonstrating a commitment to the location.? With 7+ years of lease term remaining, below-market rent, and a 5% rent increase taking place 1/1/2029, this property offers a stable, long-term, income-producing investment opportunity.?
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
FOR SALE DETAILS
PRICE
$580,000 USD
PRICE/SF
$83 USD /SF
CAP RATE
6.52%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Lebanon, KY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Dealership, Auto Repair, Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
056-064-01
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843-510-0551
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843-510-0551
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