Your email has been sent.
Advanced AutoParts 1215 N Detroit St 7,000 SF Retail Building Warsaw, IN 46580 $1,034,000 ($147.71/SF) 7.25% Cap Rate
Investment Highlights
- Corporate Lease Guaranty from Advance Stores Company, Inc. (NYSE: AAP)
- Recent Early 10-year Lease Extension – Long Operating History – Commitment to Site
- Positioned along North Detroit Street (22,600 VPD) – Access to U.S. Highway 30 (30,000 VPD) – Strong Mix of National Retailers
- Consistent 5% Rent-to-Sales Ratio Over the Last 4 Years
- Limited Landlord Responsibility – Modified NNN “Structure Only” Lease – 21% Rent Increase in 1st Option
- Warsaw – Strong Economic Fundamentals & Favorable Demographics
Executive Summary
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Advance Auto Parts began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-11-05-300-284.000-032 | Improvements Assessment | $601,300 |
| Land Assessment | $171,200 | Total Assessment | $772,500 |
Property Taxes
Presented by
Advanced AutoParts | 1215 N Detroit St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.