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Advance Auto Parts - Inez, KY 50 Boardwalk 6,000 SF Retail Building Inez, KY 41224 $838,976 ($139.83/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Inez Features a Demographic Profile Hosting 2,415 Residents With an Average Household Income of $69,428
- Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
- The On-Demand Need For Parts By Local Shops and DIY Mechanics, Combined With the High Shipping Costs For Batteries and Other Parts
EXECUTIVE SUMMARY
We Are Pleased to Exclusively Offer For Sale the 6,000 SF Advance Auto Parts Located at 50 Board Walk in Inez, KY. This Deal Includes a Lease Which is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's, and $9.1 Billion in Annual Sales For 2024, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
2010
Price
$838,976
Price Per SF
$139.83
Cap Rate
8.50%
NOI
$71,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.82 AC
Opportunity Zone
Yes
Zoning
RESIDENTIA
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advance Auto Parts
- Retailer
- 6,000 SF
- $11.89
- Double Net
- Jan 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advance Auto Parts | Retailer | 6,000 SF | $11.89 | Double Net | Jan 2030 |
PROPERTY TAXES
| Parcel Number | 028-00-00-004.02 | Improvements Assessment | $1,050,000 |
| Land Assessment | $300,000 | Total Assessment | $1,350,000 |
PROPERTY TAXES
Parcel Number
028-00-00-004.02
Land Assessment
$300,000
Improvements Assessment
$1,050,000
Total Assessment
$1,350,000
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Advance Auto Parts - Inez, KY | 50 Boardwalk
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