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 located at 749 West Main Street in Lebanon, KY.​ Occupying this site for over 30 years, Advance Auto Parts recently extended its lease, demonstrating a commitment to the location.​ With 7+ years of lease term remaining, below-market rent, and a 5% rent increase taking place 1/1/2029, this property offers a stable, long-term, income-producing investment opportunity.​

  • Lease Backed by National Tenant: Advance Auto Parts, rated BB (S&P) / Ba1 (Moody’s) with $8.6B in annual sales (2025).
  • Recently Extended: Advance Auto Parts just extended the lease for an additional 5 years, showing a long-term commitment to the site.
  • 7+ Years Remaining | 5% Rent Increase on 1/1/29: 7+ years are remaining on a double net lease with a 10% rent increase at the option period
  • Prime Retail Location: Situated along Lebanon’s main retail corridor with 14,000+ VPD.
  • ​Long Term Occupancy: Advance has been at this location for over 30 years, showing commitment to this market and being a staple of the ​community. ​
  • 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

12/31/2033

Lease Type

NN

RENTAL INCREASES

58% Increase at Option

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