Advance Auto Parts Net-Leased
For Sale
Contact for pricing
Pending
204 W G L Smith St, Morgantown, KY 42261
The site has access from both W G L Smith Street and N Tyler Street under a double-net lease.
Property SizeContact for details
Days on Market142
Property Features for 204 W G L Smith St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
6,641 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.68%
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Tyler Bindi · License #CA 02116455
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 31 at 10:48AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Advance Auto Parts location is subject to a 15-year lease that began in 2015, with approximately 5.4 years remaining. The agreement includes three 5-year renewal options, each carrying a 5% rent increase. Its double-net structure assigns landlord responsibility for the roof, building structure, slab, parking area, and HVAC system.
The property occupies the intersection of W G L Smith Street and N Tyler Street in Morgantown, Kentucky, with traffic counts of 6,641 VPD and two curb-cut access points. It is positioned near Natcher Parkway, identified as Interstate 165, which carries 9,030 VPD. Nearby retailers and businesses include Walgreens, Morgantown Bank & Trust, Super Wash, King Drug & Home Care, NAPA Auto Parts, and Ace Hardware. Bowling Green is 22 miles away, while Louisville is 88 miles from the property.
The property occupies the intersection of W G L Smith Street and N Tyler Street in Morgantown, Kentucky, with traffic counts of 6,641 VPD and two curb-cut access points. It is positioned near Natcher Parkway, identified as Interstate 165, which carries 9,030 VPD. Nearby retailers and businesses include Walgreens, Morgantown Bank & Trust, Super Wash, King Drug & Home Care, NAPA Auto Parts, and Ace Hardware. Bowling Green is 22 miles away, while Louisville is 88 miles from the property.
Key Highlights
- Advance Auto Parts occupancy under a 15‑year lease signed in 2015
- Approximately 5.4 years remain, with three 5‑year renewal options
- Each renewal option includes a 5% rent increase
Property Analytics
Property Profile
Current Use
Lease Details
6,641 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Shops & Services 47%
Ace Hardware
Home Improvements & Furnishings
5,028 visits/mo
0.4 miles
Super Wash
Shops & Services
3,733 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,639 visits/mo
0.1 miles
True Value Hardware
Home Improvements & Furnishings
1,026 visits/mo
0.1 miles
Demographics for 42261, KY
10,146
Population
4,168
Households
2.4
Avg Household Size
41
Median Age
10%
College-Educated
83%
High-School Grad
287.8 sq mi
ZIP Area
35
Density / Sq Mi
$49,219
Median Household Income
$35,529
Median Earnings
$643
Median Rent
$106,700
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 - The site has access from both W G L Smith Street and N Tyler Street under a double-net lease.
Where is this nnn property located?
The property is located at 204 W G L Smith St Morgantown, KY.
What are key features of this property?
This property features: Advance Auto Parts occupancy under a 15‑year lease signed in 2015; Approximately 5.4 years remain, with three 5‑year renewal options; Each renewal option includes a 5% rent increase
