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Advance Auto Parts - Lebanon, KY 749 W Main St 7,000 SF Retail Building Lebanon, KY 40033 $793,863 CAD ($113.41 CAD/SF) 6.52% Cap Rate
Investment Highlights
- Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6B in annual sales (2025).
- Situated along Lebanon’s main retail corridor with 14,000+ VPD.
- Recent capital improvements include a new roof completed in 2024, an HVAC system upgrade completed in 2024, and parking lot repairs completed in 2023.
- Just under 3 years remaining on a Double Net Lease (NN) with 58% rent increase at the option period.
- Current rent of $37,800 with upside at lease option, offering future value growth.
Executive Summary
We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 749 West Main Street in Lebanon, KY. The investment features just under 3 years remaining on a Double Net (NN) Lease with a 58% rent increase at the option period, a current rent of $37,800, and strong upside potential, supported by a strong ~4% rent-to-sales ratio.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1993/2024
Price
$793,863 CAD
Price Per SF
$113.41 CAD
Cap Rate
6.52%
NOI
$51,738 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- $7.39 CAD
- Double Net
- Dec 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | $7.39 CAD | Double Net | Dec 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-064-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $725,427 CAD | Total Assessment | $725,427 CAD |
Property Taxes
Parcel Number
056-064-01
Land Assessment
$725,427 CAD
Improvements Assessment
$0 CAD
Total Assessment
$725,427 CAD
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Advance Auto Parts - Lebanon, KY | 749 W Main St
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