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Net Leased Advance Auto Parts
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8145 US Highway 2, Iron Mountain, MI 49801

NNN leased Advance Auto Parts store on an outparcel along US Highway 2 in Iron Mountain, Michigan.

Property SizeContact for details
Lot Size1.15 Acres
Days on Market122

Property Features for 8145 US Highway 2

General Information

Standard status Active
Lot size 1.15 Acres
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Prime Net Lease
Listed By: Paul Matusik · License #CA 01351021
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 6:58AM

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 Prime Net Lease

Investment Insights

Based on property information with market context.

This net-leased Advance Auto Parts store is offered as an NNN property. The current lease term has 4 years remaining and includes three additional 5-year renewal options. The lease is guaranteed by Advanced Auto Parts Corporation (NYSE: AAP).

The property is located on an outparcel of Home Depot and Walmart along US Highway 2, positioned within the main retail corridor of Iron Mountain. Surrounding tenants include Home Depot, Walmart Supercenter, Dollar Tree, Arby’s, Burger King, Jimmy John’s, and Tractor Supply.

The parcel size is 1.15 acres. The address is 8145 US Highway 2, Iron Mountain, MI 49801.

Key Highlights

  • NNN leased Advance Auto Parts store at 8145 US Highway 2 in Iron Mountain, MI
  • Lease has 4 years remaining, with three 5‑year renewal options
  • Lease guaranteed by Advance Auto Parts Corporation (NYSE: AAP)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service Bakery Big Box & Wholesale Store Department Store Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 49801, MI

11,479
Population
5,927
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
123.9 sq mi
ZIP Area
93
Density / Sq Mi
$62,461
Median Household Income
$41,468
Median Earnings
$667
Median Rent
$157,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - NNN leased Advance Auto Parts store on an outparcel along US Highway 2 in Iron Mountain, Michigan.
Where is this nnn property located?
The property is located at 8145 US Highway 2 Iron Mountain, MI.
What are key features of this property?
This property features: NNN leased Advance Auto Parts store at 8145 US Highway 2 in Iron Mountain, MI; Lease has 4 years remaining, with three 5‑year renewal options; Lease guaranteed by Advance Auto Parts Corporation (NYSE: AAP)
(800) 948-1250 Call to check price and availability
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