Single-Tenant Advance Auto Parts
For Sale
Contact for pricing
1040 N MAIN ST, Madisonville, KY 42431
Single-tenant net lease Advance Auto Parts with strong North Main Street frontage in Madisonville, Kentucky.
Property Size7,836 SF
Price / SF$110.39
Days on Market153
Property Features for 1040 N MAIN ST
General Information
Standard status
Active
Size
7,836 SF
Class
B
Total Parking Spaces
40
Property subtype
Retail
Zoning
GC
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$67,200
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
Franklin Street
Listed By:
Justin Sturdivant · License #TN 333989
Source:
Crexi
Added: May 29
Changed: Oct 25
Last Checked: Oct 26 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street
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Investment Insights
Based on property information with market context.
The offering is a single-tenant, double-net (NN) Advance Auto Parts property built to support daily automotive parts retail. The current lease includes approximately six years of remaining term, with one five-year renewal option. The building is operated as part of Advance Auto Parts’ established national footprint.
Located at 1040 N Main Street in Madisonville, the property sits along North Main Street, described as the city’s primary commercial spine and a direct extension of U.S. Route 41. The site benefits from substantial street frontage and convenient access. Daily traffic is described as exceeding 20,000 vehicles per day, supporting retail demand from nearby residential communities and a regional draw area across Hopkins County.
For buyers, this is a single-tenant NN investment anchored by a long-tenured operator in the automotive aftermarket category. The lease structure and renewal option provide a defined hold period, while the location’s emphasis on vehicle-dependent retail traffic aligns with the tenant’s business model for selling automotive parts to drivers in the area.
Located at 1040 N Main Street in Madisonville, the property sits along North Main Street, described as the city’s primary commercial spine and a direct extension of U.S. Route 41. The site benefits from substantial street frontage and convenient access. Daily traffic is described as exceeding 20,000 vehicles per day, supporting retail demand from nearby residential communities and a regional draw area across Hopkins County.
For buyers, this is a single-tenant NN investment anchored by a long-tenured operator in the automotive aftermarket category. The lease structure and renewal option provide a defined hold period, while the location’s emphasis on vehicle-dependent retail traffic aligns with the tenant’s business model for selling automotive parts to drivers in the area.
Key Highlights
- Single‑tenant Advance Auto Parts net lease building built in 1995 at 1040 N Main Street, Madisonville, KY.
- Double‑net (NN) lease with six years remaining and one five‑year renewal option.
- Lease is stated to generate $62,700 in net operating income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,487
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,740
$669.7K
Cap Rate 7%
$478,386
$478.4K
Cap Rate 9%
$372,078
$372.1K
Market Conditions
NOI Build-Up for 7,836 SF
Gross rent
$51.7K $6.60/SF
− Vacancy
−$3.9K −$0.50/SF
EGI
$47.8K $6.10/SF
− OpEx
−$14.4K −$1.83/SF
NOI
$33.5K $4.27/SF
Area
Hopkins County, KY
Vacancy
7.50%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,740
Cap Rate 7%
$478,386
Cap Rate 9%
$372,078
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,119 @ 7.0% cap · market cap 9.96%
Second Best
Industrial
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,527 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
138k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 17%
Home Improvements & Furnishings 6%
McDonald's
Dining
28,295 visits/mo
0.4 miles
SONIC Drive In
Dining
16,138 visits/mo
0.1 miles
Arby's
Dining
15,703 visits/mo
0.4 miles
Burger King
Dining
14,153 visits/mo
0.5 miles
Applebee's
Dining
11,769 visits/mo
0.4 miles
Demographics for 42431, KY
26,566
Population
12,569
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
166.7 sq mi
ZIP Area
159
Density / Sq Mi
$57,529
Median Household Income
$37,671
Median Earnings
$858
Median Rent
$151,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- West Kentucky Glass & Paint — 640 Lincoln Ave, Madisonville, KY 42431
- Raymond's Wrecker Services — 641 Pride Ave, Madisonville, KY 42431
- Landen's Moped Repair — 428 Corbley Ave, Madisonville, KY 42431
- Mike's Oil Change - Mobil 1 Lube Express — 1036 N Main St, Madisonville, KY 42431
- Watermark Nissan of Madisonville Service — 1801 Lantaff Blvd, Madisonville, KY 42431
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant net lease Advance Auto Parts with strong North Main Street frontage in Madisonville, Kentucky.
Where is this auto shop located?
The property is located at 1040 N MAIN ST Madisonville, KY.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Single‑tenant Advance Auto Parts net lease building built in 1995 at 1040 N Main Street, Madisonville, KY.; Double‑net (NN) lease with six years remaining and one five‑year renewal option.; Lease is stated to generate $62,700 in net operating income.
