1798 E State Road 163 Clinton, IN 47842
Property Lookup
Property profile & analytics
1798 E State Road 163 Clinton, IN 47842
- Retail space
- 6,889 SF
- 1.00 lot acres
Property ID
US31-1967818
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 1798 E State Road 163
- Year built
- 2004
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.00 lot acres
- Property size
- 6,889 SF
- Property type
- Retail space
- APN
- 83-13-17-400-002.002-001
- APU
- 831317400002002001
Description
This exceptional investment opportunity presents a 6,889 square foot Advance Auto Parts retail property located at 1798 East State Road 163, Clinton, Indiana, 47842. The property sits on a one-acre lot and is currently 100% occupied under a triple-net (NNN) lease with a corporate guarantee from Advance Auto Parts, a publicly traded company (NYSE: AAP). The lease commenced September 5, 2003, and has a remaining term of approximately 4.1 years, expiring December 31, 2028, with two 5-year renewal options. Rent increases are built in, with a 5% bump at the first option and a 10% increase at the second. The asking price is $1,219,685, representing a price per square foot of $177.05 and a strong 8.25% capitalization rate based on a net operating income (NOI) of $100,624. Advance Auto Parts boasts an investment-grade credit rating (BBB- from S&P and Baa2 from Moody's) and reported $11.3 billion in annual sales for 2023. The property benefits from a high-traffic location near major national retailers, including Walmart, Tractor Supply Co., and several fast-food restaurants, ensuring high visibility and consistent customer traffic. This is a secure, recession-resistant investment in a vital sector of the automotive aftermarket parts industry.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $975,000
- 6.5%
- $900,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,119,000
Market price range: $225k - $1.12M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $705,000 Current use
- WAREHOUSE, STORAGE
- $680,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Vermillion
- State
- Indiana
- Longitude
- -87.4293
- Latitude
- 39.657
- CBSA code
- 45460
- CBSA name
- TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,202
$20,000
$367,600
$387,600
-
$20,000
$367,600
$387,600
