Single-Tenant Advance Auto Parts
1040 N MAIN ST Madisonville, KY 42431
1040 N MAIN ST, Madisonville, KY, 42431
Contact for pricing
For Sale
Contact for pricing
Pending
Single-tenant net lease Advance Auto Parts with strong North Main Street frontage in Madisonville, Kentucky.
Property Size7,836 SF
Days on Market56
Property Features for 1040 N MAIN ST
General Information
- Standard status
- Pending
- Size
- 7,836 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing agency
Franklin Street
Listed by
Justin Sturdivant · License #TN 333989
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:38AM
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
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $6.60 |
| − Vacancy | −$3.9k | −$0.50 |
| EGI | $47.8k | $6.10 |
| − OpEx | −$14.4k | −$1.83 |
| NOI | $33.5k | $4.27 |
7,836 SF · lease $6.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,119 @ 7.0% cap · market cap 9.55%
Second Best
Industrial
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,527 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- Landen's Moped Repair — 428 Corbley Ave, Madisonville, KY 42431
- Watermark Nissan of Madisonville Service — 1801 Lantaff Blvd, Madisonville, KY 42431
- West Kentucky Glass & Paint — 640 Lincoln Ave, Madisonville, KY 42431
- Mike's Oil Change - Mobil 1 Lube Express — 1036 N Main St, Madisonville, KY 42431
- Raymond's Wrecker Services — 641 Pride Ave, Madisonville, KY 42431
FAQs
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 $902,000.
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.
