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).
- Just under 3 years remaining on a Double Net Lease (NN) with 58% rent increase at the option period.
- Situated along Lebanon’s main retail corridor with 14,000+ VPD.
- Current rent of $37,800 with upside at lease option, offering future value growth.
- Recent capital improvements include a new roof completed in 2024, an HVAC system upgrade completed in 2024, and parking lot repairs completed in 2023.
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. The investment features just under 3 years remaining on a Double Net (NN) Lease with a 58% rent increase at the option period, a current rent of $37,800, and strong upside potential, supported by a strong ~4% rent-to-sales ratio.
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
ASK ABOUT THIS PROPERTY
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843-510-0551
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843-510-0551
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