10708 Us Highway 23
Lucasville, OH 45648

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant Advance Auto Parts location in Lucasville, Ohio and is being offered for $1,305,000, representing an attractive 7.00% CAP Rate. The 6,895 S.F. building was built in 2013 to accommodate its single-tenant retailer, Advance Auto Parts, who hand-picked this particular location for its expansion in the southern Ohio market. Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers with over 5,100 stores. The continued growth is evidenced through their storied history spanning over 87 years, while amassing a current market cap of over $11 billion. Advance Auto Parts is on a NNN lease structure with 9.5 years remaining on the original 15-year lease. The lease also offers 5% rental increases in each option period, and a rarity, Advance Auto handles on-site maintenance, including roof repair and replacement leaving ownership with no daily management responsibilities. The asset also benefits from surrounding retailers, specifically high-traffic generators Wendy’s, Family Dollar, Save-a-Lot Grocery and numerous other financial institutions, further enhancing traffic flow around the featured property. The retail corridor is surrounded by a strong residential community with average household incomes over $69,500 within a 5-mile radius and draws from a 20-25-mile radius to the east and west of the property as the next closest auto parts store is located over 27 miles away in either direction. The Advance Auto Parts is positioned in a desirable location directly off US-23, the main thoroughfare through Lucasville and the direct route between Portsmouth (10 miles) and Chillicothe (30 miles) and further north to the state capital, Columbus (80 miles). Lucasville’s largest employer with 650 employees is located just 3 miles from the property. Additionally, residents commute to Portsmouth and Chillicothe for other major employers, including Southern Ohio Medical Center, a 248-bed hospital providing emergency and surgical services to the region with current employment of 2,900. Additionally, Norfolk Southern Corp. (Railroad), OSCO Industries, Sole Choice Inc. (one of the largest manufacturers of shoelaces in the world) and Graf Brothers Flooring and Lumber have a large presence in Portsmouth. Chillicothe boasts nationally ranked Adena Regional Medical Center (2,953 employees), a Veteran Affairs Medical Center (1,520 employees), Kenworth Truck Company, whose Chillicothe facility has 2,215 employees, and Pixelle Specialty Solutions with 1,180 employees. The area also provides amenities to students and staff from Shawnee State University, located in Portsmouth enrolling 3,200 students and 300 staff members. Chillicothe has a campus for Ohio University with enrollment of approximately 2,500. Coupling all of the attributes, this Advance Auto location provides an investor a rare opportunity in today’s market to purchase newer construction with stable tenancy, minimal responsibilities at an attractive yielding CAP Rate.