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Advance Auto Parts 300 S 1st Ave 7,000 SF Retail Building La Grange, KY 40031 $1,428,208 CAD ($204.03 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Constructed in 2006 as a built-to-suit for Advance Auto Parts.
- The property is positioned in the Louisville MSA and off of I-71, which sees over 50,000 vehicles daily.
- Surrounding area has an impressive 4% projected population growth rate over the next five years.
- Tenant executed an early lease extension through July 2028, with two additional five-year renewal options extending potential occupancy through 2038—r
- Extremely strong retail synergy with nearby national tenants including Dairy Queen, Walmart, Kroger, Tractor Supply, Taco Bell, and more.
- Strong average household income of $132,272 in a 5-mile radius.
Executive Summary
Broker of Record
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2006
Price
$1,428,208 CAD
Price Per SF
$204.03 CAD
Cap Rate
8.25%
NOI
$117,827 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.68 AC
Zoning
C - Commercial
Parking
38 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
139’ on 1st St
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,697,856 CAD | |
| Land Assessment | $313,660 CAD | Total Assessment | $2,011,516 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$313,660 CAD
Improvements Assessment
$1,697,856 CAD
Total Assessment
$2,011,516 CAD
(469) 868-4798
x4340
Contacts
-
Landon Reynolds -
Josh Bishop -
Scotty Latimer -
Matthews Real Estate Investment Services
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Advance Auto Parts | 300 S 1st Ave
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