Freestanding Auto Parts
228 Mansfield Ave Shelby, OH 44875
228 Mansfield Ave, Shelby, OH, 44875
Contact for pricing
For Sale
Contact for pricing
Freestanding 7,000 SF auto parts building on 1.3 acres with an NN lease through April 2032.
Property Size7,000 SF
Lot Size1.30 Acres
Price / SF$153.14
Days on Market101
Property Features for 228 Mansfield Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 1.30 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing agency
Atlantic Capital Partners
(704) 375-7771
Listed by
David Hoppe · License #NC 288268
Source
Crexi
Added: Apr 13 Updated: Jul 22 at 5:32AM Checked: Jul 22 at 5:32AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
Atlantic Capital Partners presents a freestanding Advanced Auto Parts property located at 228 Mansfield Ave in Shelby, OH.
The 7,000 SF building is situated on approximately 1.3 acres and is positioned along Mansfield Avenue (SR-39). The site benefits from traffic counts exceeding 13,500 VPD, supporting strong visibility and accessibility.
The property is leased to Advance Stores Company, Inc. under a net-net (NN) structure with landlord responsibilities limited to foundation and structure. The lease runs through April 30, 2032, with three (5-year) renewal options. A corporate guaranty from Advance Stores Company, Inc. backs the lease, and current rent is $7,147 per month, generating an identified stable NOI of $85,764.
The 7,000 SF building is situated on approximately 1.3 acres and is positioned along Mansfield Avenue (SR-39). The site benefits from traffic counts exceeding 13,500 VPD, supporting strong visibility and accessibility.
The property is leased to Advance Stores Company, Inc. under a net-net (NN) structure with landlord responsibilities limited to foundation and structure. The lease runs through April 30, 2032, with three (5-year) renewal options. A corporate guaranty from Advance Stores Company, Inc. backs the lease, and current rent is $7,147 per month, generating an identified stable NOI of $85,764.
Key Highlights
- Freestanding 7,000 SF Advanced Auto Parts building built in 2010 on 1.3 acres in Shelby, OH
- NN lease structure: tenant operates the business; landlord responsibilities limited to foundation and structure
- Lease term through April 30, 2032, plus three 5‑year renewal options for long‑term income security
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $14.40 |
| − Vacancy | −$4.2k | −$0.60 |
| EGI | $96.6k | $13.80 |
| − OpEx | −$29.0k | −$4.14 |
| NOI | $67.6k | $9.66 |
7,000 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$965.7K
$845.0K – $1.13M
NOI $67,596 @ 7.0% cap · market cap 6.31%
Second Best
Industrial
$410.9K
$359.6K – $479.4K
NOI $28,764 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,582 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Burky Tire — 50 Mohican St, Shelby, OH 44875
- Kevin's Car Care — 17 Dale Ave, Shelby, OH 44875
FAQs
What type of property is this?
Auto shop - Freestanding 7,000 SF auto parts building on 1.3 acres with an NN lease through April 2032.
Where is this auto shop located?
The property is located at 228 Mansfield Ave Shelby, OH.
What is the asking price?
The asking price for this property is $1,072,000.
What are key features of this property?
This property features: Freestanding 7,000 SF Advanced Auto Parts building built in 2010 on 1.3 acres in Shelby, OH; NN lease structure: tenant operates the business; landlord responsibilities limited to foundation and structure; Lease term through April 30, 2032, plus three 5‑year renewal options for long‑term income security
