Advance Auto Parts for Sale in Kingsport, TN
Kingsport, TN
Key Investment Metrics
Price
$864,000
Cap Rate
7.5%
Net Operating Income
$64,800
Building Size
7000 SF
Land Area
0.81 Acres
Remaining Term
4.4 years
Lease Expiration
12/31/2030
Lease Term
30.9 years
Lease Commencement
02/16/2000
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2000
Occupancy
100%
Tenancy
Single
Rent Increases
15% In Next Option
AI illustration · Not the listed propertyProperty overview
Advance Auto Parts in Kingsport
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,000 SF
- Land area
- 0.81 acres
- Year built
- 2000
- Lease type
- NN
- Lease expiration
- 12/31/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.