Advanced Auto | New 5-Year Lease Extension

Property Highlights

  • Advance Auto Parts has successfully operated at this location for over twenty-one (21) years, demonstrating long-term commitment and stability.
  • Recently extended through December 31, 2029, with a corporate guaranty, and a 16% rent increase available in the renewal option.
  • Offered at an 8.00% cap rate with an NOI of $92,400 annually, providing strong cash flow for investors.
  • Average household income exceeds $103,702 within a 3-mile radius and benefits from daily traffic counts of over 15,000 vehicles.
  • Parma is part of Cleveland’s Southwest sub-market where retail vacancy is just 3.3%, and construction is highly restrained, supporting long-term tenant demand.
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For Sale

Advanced Auto Parts

10200 West Sprague Road

  • Parma
  • OH
  • 44130

Property Type:

Sale, Investment Property

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