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Advance Auto Parts - Greenville OH 321 Wagner Ave 5,470 SF Retail Building Greenville, OH 45331 $1,123,087 CAD ($205.32 CAD/SF) 7.05% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 4 Years Remaining | Scheduled Rental Increases | Established Brand
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Greenville High School
  • Strong Demographics in 5-mile Trade Area
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | U.S. Hwy 197 | Excellent Visibility

EXECUTIVE SUMMARY

• The tenant currently has 4 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,470 SF
Building Class
B
Year Built
1997
Price
$1,123,087 CAD
Price Per SF
$205.32 CAD
Cap Rate
7.05%
NOI
$79,178 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.11 AC
Zoning
PUDR - Planned Limit Residential Development District
Parking
37 Spaces (6.76 Spaces per 1,000 SF Leased)
Frontage
159’ on Wagner Ave

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Jan 0000

Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Jan 0000

NEARBY MAJOR RETAILERS

The YMCA
Ponderosa Steakhouse
Chase Bank
Park National Bank
Starbucks
Kroger
Bob Evans
Buffalo Wild Wings
Rent-A-Center
Snap Fitness 24/7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
F27-2-212-26-02-01-14600
Land Assessment
$157,394 CAD
Improvements Assessment
$143,198 CAD
Total Assessment
$300,592 CAD
  • Listing ID: 35996543

  • Date on Market: 2025-05-27

  • Last Updated:

  • Address: 321 Wagner Ave, Greenville, OH 45331

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