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Advance Auto Parts - Lebanon, KY 749 W Main St 7,000 SF Retail Building Lebanon, KY 40033 $580,000 ($82.86/SF) 6.52% Cap Rate
Investment Highlights
- Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6B in annual sales (2025).
- 7+ years are remaining on a double net lease with a 10% rent increase at the option period.
- Advance has been at this location for over 30 years, showing commitment to this market and being a staple of the community.
- Advance Auto Parts just extended the lease for an additional 5 years, showing a long-term commitment to the site.
- Situated along Lebanon’s main retail corridor with 14,000+ VPD.
Executive Summary
We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 749 West Main Street in Lebanon, KY.? Occupying this site for over 30 years, Advance Auto Parts recently extended its lease, demonstrating a commitment to the location.? With 7+ years of lease term remaining, below-market rent, and a 5% rent increase taking place 1/1/2029, this property offers a stable, long-term, income-producing investment opportunity.?
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
7,000 SF
Building Class
C
Year Built/Renovated
1993/2024
Price
$580,000
Price Per SF
$82.86
Cap Rate
6.52%
NOI
$37,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- $5.40
- Double Net
- Dec 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | $5.40 | Double Net | Dec 2033 |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-064-01 | Improvements Assessment | $0 |
| Land Assessment | $530,000 | Total Assessment | $530,000 |
Property Taxes
Parcel Number
056-064-01
Land Assessment
$530,000
Improvements Assessment
$0
Total Assessment
$530,000
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