Advance Auto Parts
Single-Tenant Offerings
Advance Auto Parts
6408 Stellhorn Rd.
Fort Wayne, IN
- Price:
- $1,285,000
- Cap Rate:
- 7.35%
- NOI:
- $94,440
- Rentable SQFT:
- 7,000 SF
- Year Built:
- 2006
- Lot Size:
- 1.19 +/- Acres
- Lease Type:
- NN
- Status:
- Available
Investment Highlights
- 10+ Years Remaining, Tenant Recently Agreed to an Early Lease Extension
- 19+ Year Operating History at This Location, Proven Concept in the Trade Area
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Recession-Resistant Tenant, Demand for Auto Parts and Maintenance Services Remains in All Economic Environments
- Future Re-Leasing Flexibility and Potential Upside in Strong Retail Corridor with $13.49/SF in Rent
- Serving Over 140,800 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $87,000 in 1 Mile and $84,000 in 3 Miles
- Excellent Visibility and Access Along Major Commercial Artery
- Across from Target Anchored Power Center and Lutheran Downtown Hospital’s New State-of-the-Art ER and Primary Care Facility
- Just East of Purdue University Fort Wayne (9,069 Students) and Ivy Tech’s North Campus (6,795 Students)
- Surrounded by Several K-12 Schools with 9,000+ Students
- Strong Daytime Population, Over 66,500 Employees in Primary Trade Area
- Indiana Has Been Named in the Top 6 U.S. States To Do Business (Chief Executive 2024)
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