1215 N Detroit St Warsaw, IN 46580
Single-tenant Advance Auto Parts in Warsaw, Indiana with long-term lease.
Building Details
- Year built
- 2005
Source:
Lee-associates
Listing Agent: Drew Olson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Advance Auto Parts Investment Opportunity
This single-tenant Advance Auto Parts property is located at 1215 N Detroit Street in Warsaw, Indiana. The tenant, Advance Stores Company, Inc. (NYSE: AAP), operates under a corporate guaranteed lease and has been at this location since 2005. A recent early 10-year lease extension, executed in 2024, extends the term through December 2034, with three additional five-year options remaining. The lease is structured as modified NNN with landlord responsibilities limited to structure only. The 7,000-square-foot building sits on approximately 0.83 acres and benefits from a highly visible position along N Detroit Street, a primary north-south retail corridor with over 22,600 vehicles per day. The location offers direct access to U.S. Highway 30, which sees an additional 30,000 vehicles daily and connects Warsaw to the broader northern Indiana region. The property is surrounded by strong national co-tenancy, including Walmart, Meijer, Lowe’s, Kroger, and Menards, and is nestled between Pike Lake and Center Lake, two regional recreational draws that help sustain daily traffic volume.
Location Intelligence
Current Use by Public Records
Tacos Jalisco
Restaurant
UPS Access Point ...
Courier Service
Advance Auto Parts
Auto Parts Store
Similar Places Nearby
Smith Tire Services, R&B Car Company Warsaw Service, Automotive Unlimited, Ben's Auto Services, Belle Tire
Location Insight
- Map
- Local Demand
- City
- Warsaw
- County
- Kosciusko
- State
- Indiana
- Longitude
- -85.8526967
- Latitude
- 41.2502033
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Single-tenant Advance Auto Parts in Warsaw, Indiana with long-term lease.
Where is this auto shop 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: - Corporate guaranteed lease by Advance Stores Company, Inc. (NYSE: AAP).; - Recent early 10-year lease extension through December 2034, with three five-year options.; - Modified NNN lease with limited landlord responsibilities (structure only).
