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Profitable Auto Parts Retail Investment

1215 N Detroit St, Warsaw, IN

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For Sale

Contact for pricing

NNN leased Advance Auto Parts with strong sales history.

Type:RETAIL

Property size:

7,000 SF

Lot size:

0.70 Acres

Price / SF:

$147/SF

HighLights

Recent lease extension through December 2034
Significant 21% rental escalation in the first renewal option
Limited landlord responsibility – structure only
Strong annual location sales reporting – Contact broker for details
Advance Auto Parts is a publicly traded company (NYSE: AAP) and has executed multiple lease extensions
Located along North Detroit Street (22,600 VPD) with proximity to US Highway 30 (30,000 VPD)

We can help!

Listing Contact

Ryan Bennett

For Sale

Contact for pricing

NNN leased Advance Auto Parts with strong sales history.

Type:RETAIL

Property size:

7,000 SF

Lot size:

0.70 Acres

Price / SF:

$147/SF

Added:: Nov 25, 2025
Days on Market:: 202
Last Refresh:: May 20 at 9:48 pm

Property Features for 1215 N Detroit St

General Information

Standard status: Active
Size: 7,000 SF
Lot size: 0.70 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Ryan Bennett

Listing agent Ryan Bennett License #01826517

Listing office Lee & Associates | North San Diego County

Listing date Nov 25, 2025

Source Moodyscre

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 Lee & Associates | North San Diego County

HighLights

Recent lease extension through December 2034
Significant 21% rental escalation in the first renewal option
Limited landlord responsibility – structure only
Strong annual location sales reporting – Contact broker for details
Advance Auto Parts is a publicly traded company (NYSE: AAP) and has executed multiple lease extensions
Located along North Detroit Street (22,600 VPD) with proximity to US Highway 30 (30,000 VPD)

Overview

The property is a 7,000 square foot retail space occupied by Advance Auto Parts. The tenant has demonstrated commitment to the location through multiple lease extensions, the most recent of which extends through December 2034. The lease includes a significant 21% rental escalation in the first renewal option. Landlord responsibilities are limited to the structure only. Advance Auto Parts is a publicly traded company on the New York Stock Exchange (AAP). The location benefits from its position along North Detroit Street, which experiences 22,600 vehicles per day, and its proximity to US Highway 30, with a traffic volume of 30,000 vehicles per day. The surrounding area features a mix of retailers, including Meijer, Lowe’s, Walmart, Menards, Starbucks, Buffalo Wild Wings, Sherwin-Williams, and O’Reilly Auto Parts. The property is located several minutes from Lutheran Kosciusko Hospital (72-bed) and Warsaw Municipal Airport. The location is within a five-mile radius of a population of over 37,500 people, with an average household income of $98,299. Warsaw, IN is known as the “Orthopedic Capital of the World”.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$105.8k	$15.12
− Vacancy	−$4.4k	−$0.64
EGI	$101.4k	$14.48
− OpEx	−$30.4k	−$4.35
NOI	$71.0k	$10.14

7,000 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.01M

$887.2K – $1.18M (±1% cap)

NOI $70,976 @ 7.0% cap · market cap 6.86%

Second Best

Industrial

$438.9K

$384.0K – $512.1K (±1% cap)

NOI $30,723 @ 7.0% cap · market cap 2.97%

Theoretical Best

Office A

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,366 @ 7.0% cap · market cap 8.26%

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

Property Profile Location Intelligence

Current Use by Public Records

Tacos Jalisco Restaurant UPS Access Point ... Courier Service Advance Auto Parts Auto Parts Store

Suggested Use

Similar Places Nearby

U-Haul Neighborhood Dealer — 301 Poor Dr, Warsaw, IN 46580

Location Insight

Map
Local Demand

City: Warsaw
County: Kosciusko
State: Indiana
Longitude: -85.8527
Latitude: 41.2502

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Advance Auto Parts Investment Opportunity

Single-tenant Advance Auto Parts in Warsaw, Indiana with long-term lease.

1215 N Detroit St, Warsaw, IN 46580

View Details

For sale
Automotive properties
IN
Warsaw
1215 N Detroit St

What type of property is this?

Automotive property - NNN leased Advance Auto Parts with strong sales history.

Where is this automotive property located?

The property is located at 1215 N Detroit St Warsaw, IN.

What is the asking price?

The asking price for this property is $1,034,000.

What are key features of this property?

This property features: Recent lease extension through December 2034; Significant 21% rental escalation in the first renewal option; Limited landlord responsibility – structure only

1215 N Detroit St, Warsaw, IN

NNN leased Advance Auto Parts with strong sales history.

Property Features for 1215 N Detroit St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Mixed-Use Building in Warsaw

Versatile Mixed-Use Buildings Near Warsaw

Multi-Use Worship and Office Building

Single-Story Medical Office Building

Versatile Warsaw Property with High Visibility

Versatile Commercial Space in Warsaw

Versatile Warsaw Fourplex with Workshop

Warsaw Sixplex Investment Opportunity

Versatile Mixed-Use Property Near Center Lake

Versatile Commercial Space in Warsaw

Multi-Use Sports Venue with Paved Yard

Advance Auto Parts Investment Opportunity

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