Advanced AutoParts - 1215 N Detroit St

Warsaw, IN 46580

• NNN Property
• Retail for Sale
• $1,434,572 CAD
• 7,000 SF

Warsaw Retail for Sale

Lee & Associates is pleased to present the exclusive offering of a single-tenant Advance Auto Parts located at 1215 N Detroit Street in Warsaw, Indiana. The tenant, Advance Stores Company, Inc. (NYSE: AAP), operates under a corporate-guaranteed lease and has demonstrated long-term commitment to the site, having operated at this location since 2005. A recent early 10-year lease extension, executed in 2024, extends the term through December 2034, with three additional five-year options remaining. The lease is structured as modified NNN with landlord responsibilities limited to structure only.

Contact:

Lee & Associates

Property Subtype:

Freestanding

Date on Market:

2025-12-01

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1420 Main st

Niles, MI 49120

• NNN Property
• Retail for Sale
• $2,401,777 CAD
• 10,640 SF

Niles Retail for Sale

Fortis Net Lease is pleased to present this 10,640 SF. Dollar General Plus store located in Niles, Michigan. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew! The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in October 2023. This Dollar General is highly visible as it is strategically positioned on E Main Street which sees 11,101 cars per day. The 5 mile population from the site is 34,114 while the 1 mile average household income is $55,911 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.55% cap rate based on NOI of $113,389.32.

Contact:

Fortis Net Lease

Property Subtype:

Convenience

Date on Market:

2025-10-30

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1845 Hemlock Ct

Goshen, IN 46528

• NNN Property
• Industrial for Sale
• $1,651,006 CAD
• 20,000 SF

Goshen Industrial for Sale - Outlying Elkhart County

Currently Under Lease through May 2027 For $6768/ Mo NNN

Contact:

Hahn Auctioneers, Inc.

Property Subtype:

Warehouse

Date on Market:

2025-08-15

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NNN Walgreens with Long Term Remaining - 2845 W Cleveland Rd

South Bend, IN 46628

• NNN Property
• Retail for Sale
• $4,023,460 CAD
• 14,820 SF

South Bend Retail for Sale - Greater South Bend

This freestanding Walgreens property offers a rare opportunity to acquire a long-term, absolute NNN leased asset in South Bend, Indiana. Built in 2005, the ±14,820 SF building sits on a ±2.14-acre parcel at the high-visibility intersection of West Cleveland Road and North Bendix Drive, with direct exposure to the Indiana Toll Road. The site benefits from strong traffic counts exceeding 26,000 ADT and a dense trade area of over 115,000 residents with an average household income of $76,000. The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate. This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.

Contact:

Voit Real Estate Services

Property Subtype:

Drug Store

Date on Market:

2025-09-08

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