ADVANCE AUTO PARTS

619 E State St, Fremont, OH 43420
$771,000

Cap Rate
7.00%
Price Per SF
$119
Year Built
1995
Leasable Area
6,429 SF
Term Remaining
6 YRS
NOI
$54,000

Broker of Record

  • Laurence Bergman
  • License No. 000348029 (OH)
  • (513) 769-1700
  • NAI Bergman
  • 4695 Lake Forest Dr # 100,
    Blue Ash, OH 45242

INVESTMENT HIGHLIGHTS

  • Rare Absolute NNN – This lease is completely hands-off which is incredibly rare for this tenant. Most leases have at least structure as a landlord responsibility
  • Low Rent – This location is only paying around $8.3 psf which is well below the national average for Advance Auto Parts
  • Commitment to the Location – Advance Auto Parts has been at this location for 25 years and extended the lease by more term than what was written in the option in 2015
  • Centralized Location – This property is strategically situated in the center of town right off the main highway with national tenants surrounding this site
  • Do It Yourself Consumers – This store is located in a market that supports high retail sales for auto parts