Highlights
• 6+ years remaining on corporately guaranteed lease; two 5-year renewal options with rent increases • Located on 25,000+ AADT U.S. Highway 119 retail corridor near McDonald’s, Family Dollar, Cash Saver, and Martin’s • Within 1 mile of Penn Highlands Hospital, Amtrak station, and schools • Nearby attractions: Great Allegheny Passage, Ohiopyle State Park, Frank Lloyd Wright homes • In Pittsburgh MSA (population 2.43M); 45.3 miles from downtown Pittsburgh; easy access via FACT commuter buses • Tenant: Advance Auto Parts — 4,285 locations; $9.1B net sales in 2024
Description
Marcus & Millichap is offering for sale the fee simple interest in a 7,000-square-foot Advance Auto Parts store with over six years remaining on a corporately guaranteed double-net lease. The lease includes two five-year renewal options, featuring an 11% rent increase in 2032 and a 4% increase in 2037. The property is located on a 25,000+ AADT retail corridor along U.S. Highway 119, near McDonald’s, Rent-A-Center, Family Dollar, Cash Saver and Martin’s supermarkets, and other retailers. It sits within one mile of Penn Highlands Hospital, the Connellsville Amtrak station, and the Great Allegheny Passage trail for hiking and biking. Connellsville, Pennsylvania, located 45.3 miles southeast of Pittsburgh, is served by four freight railroads, U.S. Route 119, and State Routes 201 and 711. Major employers include Crown Holdings and PSI Packaging Services, and the city attracts tourism for nearby Great Allegheny Passage, Ohiopyle State Park, and Laurel Caverns. Founded in 1929 and headquartered in Raleigh, North Carolina, Advance Auto Parts operates both in-store and online sales, employs over 67,000 people, and trades on the NYSE under ticker symbol AAP. This offering provides investors with a corporate-guaranteed lease, minimal landlord responsibilities, and a prime retail location along a key Pittsburgh MSA corridor.
Listing Details
- Cap Rate
7.5%
- 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
$72,450
- Parking Info
31 Spaces
Property Specifics
- Property Name
Advance Auto Parts
- Property Class
C
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
1997
- Building Size
7,000 SF
- Lot Size
0.75 AC
- APN
05-03-0165-01
- Occupancy
100%