Listing Agency: SRS Real Estate Partners | Detroit Show Phone

Listed By: Michael Carter · License #6501369793 Show Phone

Source: Moodyscre

Added: Jul 1 Changed: Oct 1 Last Checked: Oct 9 at 7:42PM

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Investment Insights

Based on property information with market context.

SRS National Net Lease is pleased to offer the fee simple interest (land and building ownership) in a net-lease Advance Auto Parts investment property. The lease is NNN with minimal landlord responsibilities, designed for low-management ownership. The property is occupied by Advance Auto Parts, Inc., which has been on-site for over 13 years, with three (5-year) options to extend.

Advance Auto Parts is a publicly traded automotive parts retailer (NYSE: AAP). The lease includes scheduled rent increases tied to the first and subsequent extension options, providing inflation-hedge characteristics over the renewal periods.

This offering provides an ownership position in an established, corporate-guaranteed net-lease asset.

Key Highlights

• Fee simple interest (land and building) in an NNN leased Advance Auto Parts investment property
• Tenant Advance Auto Parts, Inc. has occupied the site for over 13 years
• Corporate guarantee: tenant is Advance Auto Parts with NYSE: AAP

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Storage Facility Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Skin Care Clinic Mobile Phone Store Wine and Liquor Store

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

Location Intelligence

Trade Area within ½ mile

132

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 59% Shops & Services 34% Groceries 7%

McDonald's Dining

22,644 visits/mo 0.4 miles

Marathon Shops & Services

14,529 visits/mo 0.4 miles

Wendy's Dining

10,312 visits/mo 0.3 miles

Lee's Famous Recipe Chicken Dining

9,191 visits/mo 0.3 miles

Dollar General Shops & Services

6,150 visits/mo 0.4 miles

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

NNN property - Fee simple NNN investment 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 interest (land and building) in an NNN leased Advance Auto Parts investment property; Tenant Advance Auto Parts, Inc. has occupied the site for over 13 years; Corporate guarantee: tenant is Advance Auto Parts with NYSE: AAP