439 N Main St, New Carlisle, OH 45344

This exceptional investment opportunity presents a 5,347 square foot freestanding Advance Auto Parts retail building situated on a 0.71-acre lot at 439 N Main St, New Carlisle, OH 45344. The property boasts a strong 6.65% cap rate and a substantial net operating income (NOI) of $99,000. Built in 2006, the building is under a triple-net (NNN) lease with a corporate guarantee from Advance Auto Parts, providing significant tenant credit strength. The lease commenced May 18, 2006, and has a remaining term of approximately 7 years, extending to October 31, 2031, with three 5-year renewal options at 5% rent bumps per option. The asking price is $1,488,721, translating to a price per square foot of $278.42. The property benefits from its location in a thriving area with a strong population base of over 9,500 people within a 3-mile radius and projected population growth. The surrounding area includes several national tenants, enhancing the property's visibility and desirability. Advance Auto Parts' essential retail nature contributes to its resilience against economic downturns. This is a compelling investment opportunity offering stability, strong returns, and long-term growth potential.