Highlights
• Recent lease extension; 10+ years remaining; four 5-year renewal options • 7% rent increase in each renewal option • Located on U.S. Route 27 retail corridor, across from Kroger • Nearby amenities: Immediate Care, County Fairgrounds, elementary school (within 1.8 miles) • Over 1 million annual tourists to Daniel Boone National Forest • 9.1 miles from 1,592-inmate high-security U.S. Penitentiary McCreary
Description
Marcus & Millichap is offering for sale the fee simple interest in a 7,000-square-foot Advance Auto Parts store with over 10 years remaining on a corporately guaranteed double-net lease. The lease includes four five-year renewal options, each with a 7% rent increase at the start of the option. The property is located on U.S. Route 27 within a retail corridor anchored by a Kroger supermarket, and is surrounded by tenants such as Shell, Taco Bell, McDonald’s, Little Caesars, KFC, Arby’s, USPS, and RadioShack. Nearby amenities include the McCreary County Fairgrounds and Family Medical Centers, with Whitley City Elementary School just 1.8 miles away. Situated in southern Kentucky near the Tennessee state line, Whitley City is surrounded by the 2.1 million-acre Daniel Boone National Forest and is close to Cumberland Falls State Resort Park and the Big South Fork National River and Recreation Area. The 1,592-inmate U.S. Penitentiary McCreary, located 9.1 miles from the property, employs 395 people. Founded in 1929 and based in Raleigh, North Carolina, Advance Auto Parts operates 4,285 stores nationwide and is publicly traded on the NYSE under ticker AAP. This offering provides investors with the security of a long-term lease backed by a publicly traded company and a prime retail property along a well-trafficked U.S. Route 27 corridor.
Listing Details
- Cap Rate
7.94%
- Tenancy
Single
- Space Type
specialty
- Sub Category
auto-dealership
- Date Listed
10/15/2025
- Ownership Info
Corporate
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$85,320
- Parking Info
35 Spaces
Property Specifics
- Property Name
Advance Auto Parts
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2005
- Building Size
7,000 SF
- Lot Size
1.83 AC
- APN
120-10-04-034.00
- Occupancy
100%