May 10, 2021 – Jason Woods of Horvath & Tremblay has successfully completed the sale of Advance Auto Parts in Indianapolis, Indiana. Horvath & Tremblay represented the buyer to complete this transaction at a sale price of $749,044.
Advance Auto Parts is located at 4105 E Washington Street in Indianapolis, Indiana. Advance Auto Parts has been operating at the property since it was constructed in 1999 (21+ years), and has 3+ years remaining on their Double-Net Lease. Advance Auto recently exercised a renewal option demonstrated their commitment to the site and the market and has two renewal options remaining. The remaining renewal options call for a significant rent increase of 39.5% in the first option and a 7% increase at the start of the second option. The 7,000 square foot, stand-alone brick building is situated on a 0.86-acre parcel. The property is extremely well-located along E Washington Street with excellent access and visibility along the heavily travelled retail corridor. The Property sees more than 25,600 vehicles per day and is just three miles from downtown Indianapolis. The Property is in a densely populated area and is surrounded by national retailers drawing traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.