NNN Advance Auto Parts
For Sale
$1,262,000
400 Mountain Pkwy, Salyersville, KY 41465
Fee-simple NNN leased to Advance Auto Parts with corporate guarantee and multiple extension options.
Property Size9,765 SF
Price / SF$129.24
Days on Market52
Property Features for 400 Mountain Pkwy
General Information
Standard status
Active
Size
9,765 SF
Property subtype
Retail
Building Details
Year Built
2012
Listing Agency:
SRS Real Estate Partners | Detroit
(586) 549-4260
Listed By:
Michael Carter · License #6501369793
(586) 549-4260
Source:
Srsre
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 30 at 2:24AM
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 SRS Real Estate Partners | Detroit
Investment Insights
Based on property information with market context.
SRS National Net Lease offers the opportunity to acquire the fee simple interest (land and building ownership) in a NNN, corporate-guaranteed Advance Auto Parts investment property. The tenant is Advance Auto Parts, Inc., which has occupied the site for more than 13 years, and the lease includes three (5-year) options to extend. The lease is structured as NNN with minimal landlord responsibilities, supporting a lower-management ownership approach.
The property is located at 400 Mountain Pkwy in Salyersville, KY. As part of the lease terms, rental increases are scheduled in connection with extension options, including a 4.6% rental increase in the first option and 10% increases in the second and third options.
For buyers seeking a stabilized, passively oriented net lease investment, this asset features a long-tenured automotive retailer and a corporate guarantee from a publicly traded parent (NYSE: AAP). The multiple extension options provide continued occupancy runway, while the NNN structure is designed to limit landlord involvement after acquisition. This offering is positioned for investors who want a straightforward ownership profile aligned with net lease fundamentals.
The property is located at 400 Mountain Pkwy in Salyersville, KY. As part of the lease terms, rental increases are scheduled in connection with extension options, including a 4.6% rental increase in the first option and 10% increases in the second and third options.
For buyers seeking a stabilized, passively oriented net lease investment, this asset features a long-tenured automotive retailer and a corporate guarantee from a publicly traded parent (NYSE: AAP). The multiple extension options provide continued occupancy runway, while the NNN structure is designed to limit landlord involvement after acquisition. This offering is positioned for investors who want a straightforward ownership profile aligned with net lease fundamentals.
Key Highlights
- Fee‑simple NNN property leased to Advance Auto Parts, Inc. with corporate guarantee (NYSE: AAP).
- Advance Auto Parts has occupied the site for over 13 years.
- Tenant has three (5‑year) lease extension options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 41465, KY
10,732
Population
4,954
Households
2.2
Avg Household Size
43
Median Age
14%
College-Educated
75%
High-School Grad
262.0 sq mi
ZIP Area
41
Density / Sq Mi
$34,012
Median Household Income
$29,941
Median Earnings
$634
Median Rent
$94,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee-simple NNN leased to Advance Auto Parts with corporate guarantee and multiple extension options.
Where is this nnn property located?
The property is located at 400 Mountain Pkwy Salyersville, KY.
What is the asking price?
The asking price for this property is $1,262,000.
What are key features of this property?
This property features: Fee‑simple NNN property leased to Advance Auto Parts, Inc. with corporate guarantee (NYSE: AAP).; Advance Auto Parts has occupied the site for over 13 years.; Tenant has three (5‑year) lease extension options.
