Advance Auto Parts – Lebanon, KY

Advance Auto Parts
749 W Main St, Lebanon, KY 40033, USA

We are pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts NN located at 749 West Main Street in Lebanon, KY. The investment features just under 3 years remaining on a Double Net (NN) Lease with a 58% rent increase at the option period, a current rent of $37,800, and strong upside potential, supported by a strong ~4% rent-to-sales ratio.

  • Lease Backed by National Tenant: Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6 B in annual sales (2025).
  • ~3 Years Remaining | 58% Rent Increase at Option: Just under 3 years remaining on a Double Net Lease (NN) with 58% rent increase at the option period.
  • Prime Retail Location: Situated along Lebanon’s main retail corridor with 14,000+ VPD
  • Below Market Rent: Current rent of $37,800 with upside at lease option, offering future value growth.
  • Recent Capital Investment: Recent capital improvements include a new roof completed in 2024, an HVAC system upgrade completed in 2024, and parking lot repairs completed in 2023, significantly reducing near-term maintenance expenses.

 

In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker – Lic. #260997 BoR: Scott Reid – Lic. KY #260934

Advance Auto Parts
749 W Main St, Lebanon, KY 40033, USA

Advance Auto Parts

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 4, 2025, Advance operated 4,297 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The Company also served 814 independently owned Carquest-branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories, and other offerings can be found at www.AdvanceAutoParts.com.

Price

$580,000

Cap Rate

6.52%

PREMISES

7,000 SF

YEAR BUILT

1993

RENEWAL OPTIONS

1 x 5 Year Options

Lease Expiration

12/31/2028

Lease Type

NN

RENTAL INCREASES

58% Increase at Option

BROKERS

List with SIG

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