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Advance Auto Parts - Shelby, OH 228 Mansfield Ave 7,000 SF Retail Building Shelby, OH 44875 $1,072,000 ($153.14/SF) 8% Cap Rate
Executive Summary
Atlantic Capital Partners is pleased to present the opportunity to acquire a freestanding Advanced Auto Parts in Shelby, OH. The 7,000 SF building sits on 1.3 acres, and is backed by a corporate guaranty from Advance Stores Company, Inc. The tenant operates under a NN lease with landlord responsibilities limited to foundation and structure. The lease runs through April 30, 2032, with three (5-year) renewal options, providing long-term income security. Current rent is $7,147 monthly, generating a stable NOI of $85,764. The property is positioned along Mansfield Avenue (SR-39) with traffic counts exceeding 13,500 VPD, offering excellent visibility and accessibility. Shelby combines small-town charm and modern amenities with regional connectivity to Akron (72 miles) and Cleveland (89 miles), reinforcing the site’s long-term investment appeal.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,000 SF
Building Class
C
Year Built
2006
Price
$1,072,000
Price Per SF
$153.14
Cap Rate
8%
NOI
$85,764
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.29 AC
Zoning
B-2
Parking
25 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
191’ on Mansfield Ave
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 017-80-239-80-001 | Improvements Assessment | $293,060 |
| Land Assessment | $98,410 | Total Assessment | $391,470 |
Property Taxes
Parcel Number
017-80-239-80-001
Land Assessment
$98,410
Improvements Assessment
$293,060
Total Assessment
$391,470
Contacts
-
David Hoppe -
Eric Suffoletto -
Danny Griffin -
Ben Olmstead -
Atlantic Capital Partners
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Advance Auto Parts - Shelby, OH | 228 Mansfield Ave
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