Available Properties
Advance Auto Parts – Carrollton, OH
- 427 Canton Rd NW, Carrollton, OH, 44615
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $687,500
- 8%
- ±9 Years
- NN+ Lease
- Corporate Guarantee
Highlights
- 27+ Year Operating History
- 24% Rent Increase in the Most Recent Lease Extension
- The site is visible to over 10,000 Vehicles Per Day
- Low rent at just $9.69/SF
- Tenant is Responsible for Taxes, Insurance and • Common Area Maintenance
Sale Description
AMC Real Estate Investment Services is pleased to offer for sale this Advance Auto Parts located at 427 Canton Rd NW, Carrollton, OH. Advance Auto Parts has occupied this property since May 1998 and is currently on a NN+ lease with approximately 9 years remaining, including a 5-year renewal option. While the NN+ lease places the tenant responsible for taxes, insurance, and common area maintenance, the landlord retains responsibility for parking lot repairs and replacement, striping and sealing, and roof repairs and replacement, with shared responsibility on HVAC replacement. The site is visible to over 10,000 vehicles per day along Canton Rd NW. Carrollton is located in a stable Ohio retail market, offering consistent regional demand. This property is being offered for sale at $709,677 with a 7.75% Cap Rate and an estimated 2026 NOI of $55,000.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
5,370 |
$71,468 |
|
5 Mile |
7,744 |
$73,871 |
|
10 Mile |
22,675 |
$77,825 |
