Advance Auto Parts
Single-Tenant Offerings
Advance Auto Parts
E 10th Street & Landmark Court
Cookeville, TN
- Price:
- $2,502,000
- Cap Rate:
- 6.35%
- NOI:
- $158,880
- Rentable SQFT:
- 6,912 SF
- Year Built:
- 2025
- Lot Size:
- 1.27 +/- Acres
- Lease Type:
- Modified NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Modified NNN Lease, Landlord Responsible for Structure and Foundation
- 10% Increases Every 5 Years Beginning in Year 11 and in Each Option Period
- Corporate Guaranty (NYSE: AAP), 4,777+ Locations with $11.3 Billion in Revenue
- Investment Grade Credit Tenant, Rated ‘BBB-’ by S&P
- Industry Leader, One of the Largest Aftermarket Auto Parts Providers in the U.S.
- Brand New Upgraded Block Architectural Design on 1.27 +/- Acres
- Serving Over 50,000 Residents in Growing Trade Area, East of Downtown Nashville
- Strong Average Household Incomes of $90,000 within 1-Mile
- Highly Visible Along Major Artery with 15,000 Cars/Day, Easy Access to SR 111 with 20,111 Cars/Day
- 1.5 Miles to Tennessee Tech University with 11,000 Students and Surrounded by Several K-12 Schools with Over 6,000 Students
- Minutes to Cookeville Regional Medical Center with 2,647 Employees, Serving More Than 300,000 Residents
- Strong Daytime Population, Over 25,000 Employees within a 5-Mile Radius
- Cookeville is a Regional Economic and Retail Hub for Several Counties in Tennessee and Extending Across the Kentucky StateLine
- Close Proximity to Cummins Falls State Park (State Park of the Year) and Burgess Falls State Park
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
- Tax Free State, No State Income Tax in Tennessee
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