Advance Auto Parts Investment
For Sale
Contact for pricing
1348 Highway 394 Blountville, Blountville, TN 37617
6,889 SF Advance Auto Parts store for sale.
Property Size6,889 SF
Lot Size1.00 Acre
Price / SF$210.81
Days on Market183
Property Features for 1348 Highway 394 Blountville
General Information
Standard status
Active
Size
6,889 SF
Class
B
Lot size
1.00 Acre
Property subtype
Retail
Zoning
B-4
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$105,000
Building Details
Year Built
2004
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Glenn Perkins · License #TN 326486
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 2:52PM
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 TCI Group – Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
This 6,889 sq ft Advance Auto Parts store is strategically positioned fronting Hwy 394 with immediate access to I-81, Exit 69 in the Blountville / Bristol area. The property is zoned B-4 and includes 17,384 square feet of paved parking on approximately one acre. Built in 2004 as a build-to-suit for Advance Stores Company Incorporated, it has operated as an Advance Auto Parts store since its construction. The tenant entered into a new 5-year lease option commencing January 1, 2025, through December 31, 2029, with a rent increase. Advance Auto Parts' core business is the retail and wholesale distribution of automotive aftermarket parts, accessories, batteries, and maintenance items for cars, light trucks, and heavy-duty vehicles. Operating primarily in the U.S. and Canada, the company uses a "blended-box" model, catering to both professional installers (Pro) and DIY customers through thousands of company-operated and Carquest-branded locations. As of late 2025, the company operated over 4,000 stores. The interchange of I-81 and Hwy 394 was completely redesigned in 2016 to accommodate the large volume of traffic that use this location as main feeder to the many and varying events at the nationally known Bristol Motor Speedway. Other businesses at this exit include Fireworks Supermarket, BP c-store, Arby's and neighborhood strip center containing Edward Jones, Domino's Pizza and Wellness Way Chiropractic. This store has proven successful as a long term solid tenant with no hesitation to continue operations at this location.
Key Highlights
- Strategically positioned on Hwy 394 with immediate access to I‑81, Exit 69.
- New 5‑Year lease option commencing January 1, 2025, with rent increase.
- Tenant is Advance Auto Parts, a nationally recognized company.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,439
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,780
$2.1M
Cap Rate 7%
$1,520,557
$1.5M
Cap Rate 9%
$1,182,656
$1.2M
Market Conditions
NOI Build-Up for 6,889 SF
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.
Gross rent
$158.7K $23.04/SF
− Vacancy
−$6.7K −$0.97/SF
EGI
$152.1K $22.07/SF
− OpEx
−$45.6K −$6.62/SF
NOI
$106.4K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,128,780
Cap Rate 7%
$1,520,557
Cap Rate 9%
$1,182,656
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,439 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$651.8K
$570.4K – $760.5K
NOI $45,629 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,587 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 95%
Shops & Services 5%
Pal's Sudden Service
Dining
21,794 visits/mo
0.1 miles
Burger King
Dining
13,411 visits/mo
0.2 miles
Los Jalapenos
Dining
7,306 visits/mo
0.4 miles
Hardee's
Dining
7,131 visits/mo
0.2 miles
Truist
Shops & Services
2,589 visits/mo
0.4 miles
Demographics for 37617, TN
14,422
Population
6,188
Households
2.3
Avg Household Size
47
Median Age
25%
College-Educated
87%
High-School Grad
58.4 sq mi
ZIP Area
247
Density / Sq Mi
$65,069
Median Household Income
$36,906
Median Earnings
$841
Median Rent
$225,000
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?
Auto shop - 6,889 SF Advance Auto Parts store for sale.
Where is this auto shop located?
The property is located at 1348 Highway 394 Blountville Blountville, TN.
What is the asking price?
The asking price for this property is $1,452,282.
What are key features of this property?
This property features: Strategically positioned on Hwy 394 with immediate access to I‑81, Exit 69.; New 5‑Year lease option commencing January 1, 2025, with rent increase.; Tenant is Advance Auto Parts, a nationally recognized company.
