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504 S. Heaton Street
Knox, IN 46534
Asking Price
$1.35M
Cap Rate
8.25%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Retail | 8.25% CAP | 6,860 SqFt <ul><li>Corporate Guaranteed (NYSE:AAP) | Long Term Occupancy</li><li>The tenant, Advance Auto Parts, Inc., has occupied the site for over 20-years and has 3 (5-year) options to extend</li><li>The lease features 5% rental increases at the beginning of each option, providing a hedge against inflation</li><li>Advance Auto Parts is a leading automotive parts provider with 4,300+ stores</li></ul><p></p>
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NOI
$80,000
Cap Rate
5.90%
DSCR
0.99
Underwater
Cash-on-Cash
-0.11%
Monthly Payment
$6,703.801
Annual Cash Flow
$-445.608
