Advance Auto Parts - Net Lease Property for Sale
Beverly, OH
Key Investment Metrics
Price
$1,092,413
Cap Rate
7.3%
Net Operating Income
$79,200
Building Size
6889 SF
Lot Size
6,889 SF
Land Area
0.53 Acres
Remaining Term
10 years
Lease Expiration
12/31/2035
Lease Term
20.1 years
Lease Commencement
12/17/2015
Lease Type
NNN
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
5% Each Five-Year Option
About This Advance Auto Parts Net Lease Property
This Advance Auto Parts NNN (triple net lease) property is located in Beverly, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 6889 square feet of building space and was built in 2015.
With a cap rate of 7.3%, this Advance Auto Parts net lease property offers stable income potential. The asking price is $1,092,413, making it an attractive option for 1031 exchange investors seeking quality Advance Auto Parts commercial properties.
Why Invest in Advance Auto Parts NNN Properties?
- Stable Income: Advance Auto Parts net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Advance Auto Parts is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Beverly, OH Market Overview
Located in Beverly, OH, this Advance Auto Parts property benefits from strong local demographics and market fundamentals. The Beverly area offers excellent visibility and accessibility, making it an ideal location for Advance Auto Parts operations and a solid investment for net lease property buyers.