809 E 38th St
Anderson, IN 46013
Advance Auto Parts Anderson, IN · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for the Advance Auto Parts located at 923 East 38th Street in Anderson, Indiana. The property consists of 7,000 square feet of building space and is situated on roughly 1.058 ± acres of land. The property is located on East 38th Street with over 18,000 vehicles per day and is near Columbus Avenue with 28,600 vehicles per day. Advance Auto Parts has operated at this location since 2003. The tenant recently extended the double-net lease seven (7)-years leaving two (2), five (5)-year options remaining. Advance Auto Parts currently pays $60,880 in annual rent and is scheduled to increase before each option. There are multiple schools in the area with a combined total enrollment over 6,800. The Advance Auto Parts is located near multiple national tenants such as: Walmart Supercenter, Lowe’s, Starbucks, Walgreens, Planet Fitness, ALDI and more. There is also St. Vincent Regional Hospital with 1,410 employees and Community Hospital Anderson with over 1,980 employees. The property is also located near Harrah’s Hoosier Park Racing and Casino which has over 172,000 square feet of gaming and racing space. Overall, the local market consists of over 87,000 residents with an AHHI in excess of $58,000 within a seven (7)-mile radius of the property.