Advance Auto Parts 1168 N Highway 27 Local commercial 650 m² À vendre Whitley City, KY 42653 969 827 € (1 491,30 €/m²) Taux de capitalisation 7,50 %

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 7,000-square-foot auto-parts store (the Property) in which Advance Stores Company Inc. has over 10 years remaining on its corporately guaranteed double-net lease. The lease features four 5-year renewal options with a 7 percent rent increase at the beginning of each option.
The Property sits on U.S. Route 27 along a retail corridor anchored by a Kroger supermarket, with Shell, Taco Bell, McDonald’s, Little Caesars, KFC, Arby’s, USPS and RadioShack nearby. The McCreary County Fairgrounds and a Family Medical Centers immediate care are within 0.7 miles, and Whitley City Elementary School is within 1.8 miles of the Property.
In southern Kentucky near the Tennessee state line, Whitley City is surrounded by the 2.1 million-acre Daniel Boone National Forest and near the Cumberland Falls State Resort Park and Big South Fork National River and Recreation Area. Located 9.1 mil es from the Property, 1,592-inmate high-security U.S. Penitentiary McCreary employs 395 people.
Founded in 1929 and based in Raleigh, NC, Advance Auto Parts sells automotive aftermarket parts to both professional installers and do-it-yourself customers in its stores and online. Traded on the NYSE under ticker symbol AAP, Advance operates 4,285 stores.
This property offers an investor both the security of a 10-year lease backed by a publicly traded company and a retail property located along a U.S. Route 27 retail corridor.