Profitable Auto Parts Retail
1215 N Detroit St Warsaw, IN
1215 N Detroit St, Warsaw, IN, 00000
Contact for pricing
For Sale
Contact for pricing
NNN leased Advance Auto Parts with strong sales history.
Property Size7,000 SF
Lot Size0.70 Acres
Price / SF$147.71
Days on Market238
Property Features for 1215 N Detroit St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.70 Acres
- Property subtype
- RETAIL
Listing agency
Lee & Associates | North San Diego County
(760) 519-0240
Listed by
Ryan Bennett · License #01826517
(760) 519-0240
Source
Moodyscre
Added: Nov 25, 2025 Updated: Jul 6 at 10:22AM Checked: Jul 21 at 4:34AM
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
Investment Insights
Based on property information with market context.
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”.
Key Highlights
- Recent lease extension through December 2034
- Significant 21% rental escalation in the first renewal option
- Limited landlord responsibility – structure only
Local Financial Insights For Retail
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 | $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
NOI $70,976 @ 7.0% cap · market cap 6.86%
Second Best
Industrial
$438.9K
$384.0K – $512.1K
NOI $30,723 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,366 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tacos Jalisco
Restaurant
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 301 Poor Dr, Warsaw, IN 46580
FAQs
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
