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    439 N Main St New Carlisle, OH 45344

    For Sale
    $1,488,721

    Single tenant NNN leased investment property with credit tenant.

    Property size:
    5,347 SF
    Lot size:
    0.71 Acres

    Property Features for 439 N Main St

    General Information

    Size
    5,347 SF
    Lot size
    0.71 Acres

    Source: Legacy Real Estate Advisors Agent Danny Francis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Advance Auto Parts

    This single-tenant property is occupied by Advance Auto Parts in New Carlisle, OH. The property is subject to a long-term absolute NNN lease with 7 years remaining and zero landlord responsibilities. Advance Auto Parts is an investment-grade tenant with a Moody's credit rating of "Baa3". The property is surrounded by several national tenants including IGA Supermarket and Subway. As an essential retailer, Advance Auto Parts is considered a pandemic and recession-resistant tenancy. The property is located within a 3-mile radius of over 9,500 residents, and the population within a 1-mile radius is projected to grow by +0.32% in the next 5 years. The property size is 5,347 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Shipping And Mailing Service Advance Auto Parts Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jenkins Automotive, Jeff's Automotive, L & M Automotive Machinery, New Carlisle Collision, Sparks repair

    Location Insight

    • Map
    • Local Demand
    City
    New Carlisle
    County
    Clark
    State
    Ohio
    Longitude
    -84.0244573
    Latitude
    39.9449123

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    FAQs

    What type of property is this?
    Auto shop - Single tenant NNN leased investment property with credit tenant.
    Where is this auto shop located?
    The property is located at 439 N Main St New Carlisle, OH.
    What is the asking price?
    The asking price for this property is $1,488,721.
    What are key features of this property?
    This property features: - Long term absolute NNN lease with 7 years remaining and zero landlord responsibilities.; - Investment grade tenant: **Advance Auto Parts holds a Moody's credit rating of "Baa3".**; - Essential retailer: Advance Auto Parts is a pandemic and recession resistant tenancy.
    (248) 450-3257
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    439 N Main St New Carlisle, OH 45344
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    New Carlisle, OH 45344
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    439 N Main St New Carlisle, OH 45344
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