Advance Auto Parts - Net Lease Property for Sale
West Peoria, IL
Key Investment Metrics
Price
$848,660
Cap Rate
7.0%
Net Operating Income
$59,406
Building Size
8050 SF
Lot Size
8,050 SF
Remaining Term
7.2 years
Lease Expiration
08/31/2033
Lease Term
10 years
Lease Commencement
01/21/2020
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Advance Auto Parts Net Lease Property
This Advance Auto Parts NNN (triple net lease) property is located in West Peoria, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 8050 square feet of building space and was built in 1995.
With a cap rate of 7.0%, this Advance Auto Parts net lease property offers stable income potential. The asking price is $848,660, 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.
West Peoria, IL Market Overview
Located in West Peoria, IL, this Advance Auto Parts property benefits from strong local demographics and market fundamentals. The West Peoria 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.