Advance Auto Net Lease Investment

Address:
4675 Dixie Highway
City:
Fairfield
State:
OH
Zip Code:
45014

Building Size:

6,720

Asking Price:

900,000

CAP Rate:

8

Property Description:

Net leased single tenant Advance Auto Parts located in the Cincinnati Metro area. Investment grade national retailerwith over 3,900 stores and growing. Advance Auto purchased General Parts International, Inc for $2.04 Billion which makes them the largest replacemement auto parts supplier in North America.

NN Lease with minimal Landlord responsibility of roof/structure. New roof 2010.
New 6 year lease renewal commences 2014 with 2 - 5 year options through 2029.

1/1/14 to 12/31/16 $6,000/mo $72,000/yr
1/1/17 to 12/31/19 $6,200/mo $74,400/yr

Located on Dixie Highway (St Rte 4) in Fairfield, OH. Situated as an outlot to numerous national retailers along the main corridor in the market with traffic accounts in excess of 45,000 vpd.

Total Lot Size:

.64