Net Leased Advance Auto Parts, Indiana- $746,667, 8.5 years Remaining

Net leased Advance Auto Parts, Muncie, Indiana. $746,667, 6.75% cap rate. AAP has been at this location since 2002, and recently renewed for ten years, with 8.5 years remaining. Minimal landlord responsibilities. Roof is approximately 10 years old, two new HVAC units in 2013. Low rent, and rent to sales of only 4.5%.

The Muncie MSA has a population of 117,000, with 37,000 within a five mile radius of the property. Muncie is home to Ball State University.

Great bite size deal for any size investor, or 1031 replacement property.

Net Leased Kiddie Academy, Indiana- $1,550,000, 13 Years Remaining

Net Leased Kiddie Academy, Fort Wayne. $1,550,000, 8.12% cap rate, 13 years remaining. 7,904sf building built in 2006, and renovated for this tenant in 2013. Kiddie Academy is one of the country’s premier daycare companies, with over 130 locations across the country. The tenant is a Kiddie Academy franchisee owned by a local doctor, who personally guaranteed the lease. Excellent investment or 1031 replacement property.

Contact me or Whitney Peterson for additional information.

New Listing- NNN Burger King, Ohio, $1,838,736

Just listed. Burger King (Carrols Corp) in Lima, Ohio. $1,838,736, 6.25% cap rate, 8 years remaining. Four 5 year options, 1% annual bumps. Remodeled in April, 2015.

Located across from the Lima Mall(Simon Property) and Hobby Lobby, TJ Maxx and Kohls. Menards, Meijer and Lowes nearby. Fast food and casual dining along Elida Road. University of Northwest Ohio campus is just south.

Contact me for additional information at mark.baringer@svn.com .

New Listing- Sherwin Williams, Avon Lake, Ohio

New listing-  NN Sherwin Williams, Avon Lake(Cleveland suburbs), Ohio.  Smaller price point of $670,344, a 7.25% cap rate. Leased until 1/2019 with options to renew. SHW has been at this location since 1989.

The subject is located adjacent to McDonalds and the Avon Lake Municipal Building, with Walgreens, banks, Wendys and the Avon Lake Towne Center retail center across the street. Population is 60,400 in 5 miles, and 28,323 in 3 miles.  Average home price in 3 miles is $264,000, with average HH income of $100,601.

Contact me at 260-715-0626 or mark.baringer@svn.com for additional information. Offered in association with Sperry Van Ness InvesTek Realty, Ohio broker.

New Listing- O’Reilly Auto Parts, Texas

Just Listed- O’Reilly Auto Parts, Lamesa, TX. $860,317, 6.3% cap, with 12 years remaining. NN lease, landlord responsible for roof and structure. 10% rent bump in two years. Texas has no state income tax.

Excellent bite size opportunity. Please email me for details.

Investor Need- Auto Parts Stores

I have an investor who is looking for auto parts stores or ground leases- O’Reilly, AutoZone or Advance Auto Parts. 6% cap and up, long term lease, NN or NNN.

Please contact me with any information.