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439 N Main St

5,347 SF Retail Building New Carlisle, OH 45344 $2,110,217 CAD ($395 CAD/SF) 6.65% Cap Rate

Investment Highlights

  • Surrounded by Several National Tenants Including IGA Supermarket, Subway, & More
  • Projected +0.32% Population Growth in the Next 5 Years within 1 Mile Radius of Site
  • Investment Grade Tenant - Advance Auto Parts Holds a Moody's Credit Rating of "Baa3"
  • 9,500+ People Reside within 3 Mile Radius of Site
  • Essential Retailer - Advance Auto Parts is a Pandemic and Recession Resistant Tenancy
  • NN Lease - 7+ Years Remaining

Executive Summary

For Sale:
Single Tenant Freestanding Advance Auto Parts in New Carlisle, OH

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,347 SF
Building Class
B
Year Built
2006
Price
$2,110,217 CAD
Price Per SF
$395 CAD
Cap Rate
6.65%
NOI
$140,330 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.71 AC
Zoning
C
Parking
30 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
88 ft on Galewood Dr

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of July 13, 2024, Advance operated many stores and Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found www.AdvanceAutoParts.com.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - -

Nearby Major Retailers

IGA
Park National Bank
WesBanco
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-00500-02910-1004
Land Assessment
$28,908 CAD
Improvements Assessment
$191,160 CAD
Total Assessment
$220,068 CAD
  • Listing ID: 31393116

  • Date on Market: 2024-04-02

  • Last Updated:

  • Address: 439 N Main St, New Carlisle, OH 45344

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