1600 E New Circle Rd - Auto Dealership FOR SALE
Lexington, KY 40509 |
$1,683,853 USD
540-255-5496
1600 E New Circle Rd
Lexington, KY 40509
HIGHLIGHTS
- The Property Boasts a Corporate Guaranteed Lease With Over Four Years Remaining
- Situated on E New Circle Rd, a Major Thoroughfare With Over 23,000 Vehicles Passing Daily, Providing Excellent Visibility
- Less Than Five-Miles From the University of Kentucky, Which Enrolls Over 30,000 Students
- The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,895 SF Advance Auto Parts Located at 1600 E New Circle Rd in Lexington, Kentucky. This Deal Includes a Corporate Guaranteed Triple Net Lease With Over Four Years Remaining and the Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P and Baa2 From Moody's, and $11.3 Billion in Annual Sales For 2023, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker - Lic. #260997 BoR: Scott Reid - Lic. KY #260934
FOR SALE DETAILS
PRICE
$1,683,853 USD
PRICE/SF
$244 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts - Lexington, KY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Dealership
ADD'L SUBTYPES
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
B-6P
APN/PARCEL ID
10053310
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540-255-5496
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