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485 S Us Highway 231
Jasper, IN 47546
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- CREDIT TENANT: Advance Stores Company, Incorporated (NYSE: AAP) guarantees the lease with almost a $9B market capitalization
- BELOW REPLACEMENT COST: Development costs have rose rapidly after the pandemic, new construction stores typically range from $1.5 – 2.5M to build.
- COMMITMENT TO THE SITE: Tenant has been operating at this location since 2001 and has recently extended the lease
- STRONG RETAIL POSITIONING: Property is located on Highway 231 with ±14,000 VPD traffic counts shadow-anchored by a Big Lots shopping center
- ESSENTIAL RETAILER: Advance Auto Parts is considered an essential retailer and has continued to provide valuable goods
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,754 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.10 AC
Zoning
Genret - General Retail
Property Taxes
| Parcel Number | 19-06-35-202-411.001-002 | Improvements Assessment | $314,400 |
| Land Assessment | $222,700 | Total Assessment | $537,100 |
Property Taxes
Parcel Number
19-06-35-202-411.001-002
Land Assessment
$222,700
Improvements Assessment
$314,400
Total Assessment
$537,100
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