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Advance Auto Parts 300 S 1st Ave 7,000 SF Retail Building La Grange, KY 40031 $1,047,273 ($149.61/SF) 8.25% Cap Rate
Investment Highlights
- Constructed in 2006 as a built-to-suit for Advance Auto Parts.
- The property is positioned in the Louisville MSA and off of I-71, which sees over 50,000 vehicles daily.
- Surrounding area has an impressive 4% projected population growth rate over the next five years.
- Tenant executed an early lease extension through July 2028, with two additional five-year renewal options extending potential occupancy through 2038—r
- Extremely strong retail synergy with nearby national tenants including Dairy Queen, Walmart, Kroger, Tractor Supply, Taco Bell, and more.
- Strong average household income of $132,272 in a 5-mile radius.
Executive Summary
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,245,000 | |
| Land Assessment | $230,000 | Total Assessment | $1,475,000 |
Property Taxes
Contacts
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Landon Reynolds -
Josh Bishop -
Scotty Latimer -
Matthews Real Estate Investment Services
Presented by
Advance Auto Parts | 300 S 1st Ave
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