Advance Auto Parts - Frankfort, KY
7,000 SF | Retail Building | Frankfort, KY 40601 | $1,763,638 ($252/SF) | 8% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,763,638
- Property Type
-
Retail
- Square Feet
- 7,000 SF
- Price / Square Foot
- $252
Listing Contacts
Clifton McCrory
Verified Profile
Adam Scherr
Verified Profile
Daniel Hoogesteger
Verified Profile
Max Freedman
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Exclusively Offer for Sale the 7,000 SF Advance Auto Parts Located at 268 Versailles Road in Frankfort, KY. This Deal Includes a Over 3 Years Remaining on a Corporate Guaranteed Triple Net Lease 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
In Cooperation With ParaSell, Inc., A Licensed Kentucky Broker Lic. #260997 BoR: Scott Reid - Lic. KY #260934
Property Details
- Class
- C
- Year Built
- 2007
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 53,143 SF
Highlights
- Over 3 Years Remaining on a Corporate Guaranteed Lease
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB- From S&P
- Situated on Versailles Rd, a High-Traffic Area With Over 30,000 VPD
- 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
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
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