Advance Auto Parts | New Castle, IN

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

1476 S. Memorial Drive
New Castle, IN 47362

  • Price: $813,900
  • Cap. Rate: 6.45%
  • NOI: $52,500
  • Building Size: 7,000SF
  • Lot Size: .56 AC

Investment Highlights

  • 3 Five Year Options With Increases
  • Lease is Corporately Guaranteed by Advance Auto Parts, Inc.. | S&P “BBB-”
  • Landlord Responsible for Roof, and Structure
  • Advance Auto Parts Stock has Nearly Doubled Over the Past 18 Months
  • 9+ Years Left Remaining on the Lease
  • Average Household Income is $52,680 Within a 1 Mile Radius
  • 5 Mile Population Surrounding the Investment Property Exceeds 27,805
  • Intersection boasts a Average Daily Traffic Count of 18,915+ VPD
  • Surrounding National Retailers Include Burger King, McDonalds, Ar-by’s, KFC, Subway, Family Dollar and Many More