Advance Auto Parts

4920 Monroe Street, Toledo, OH 43623

$1,466,000

Cap Rate 7.25%

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DOM: 18 Updated: 07.28.25 Posted: 07.28.25 Status: Active 07.28.25

Summary

Price $1,466,000	Built/Renov 1983/2003	Tenant Advance Auto Parts
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 12,500	Lease Start 07-05-2001	#Units 4,935
Price/SF $117.28	Expiration 02-28-2027	Tenant Type Automotive
NOI $106,250	R. Term 1.6	Ownership Fee Simple
Rent/SF $8.50	Increases 0.0%/0/yrs	Pop 5Mi 211,775
Lot/AC 1.58	Options 3/5yrs/5%	AHHI 5Mi $86,743

Highlights

The tenant has approximately 2 Years Remaining with 3 (5-Year) Extension Options
Lease features 5% Rent Increases at Each Option Period
Favorable NN+ Lease I Landlord Responsibilities (Roof & Structure)
Corporate Guaranteed

Location Description

Advance Auto Parts is strategically located along Monroe Street (State Highway 51), with access to 20,200 vehicles passing by daily, in the heart of Toledo’s primary retail corridor. The site is directly across from Franklin Park Mall (1,349,000 SF), a major regional center anchored by Dick’s Sporting Goods, JCPenney, and Dillard’s. It is surrounded by other national retailers including...

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Key Features

In location for years
Freeway close
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Long operation history
Absolute NNN
Corporate Guarantee
Over 1000 units backed
Credit rated company

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Links

Advance Auto Parts Wikipedi Advance Auto Parts Wikipedia Toledo, Ohio Zip Code 43623 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Advance Auto Parts
Guarantor:Corp T and Rated
Company:Advance Stores Co, Inc
# Units:4,935
Tenant S&P: BB+
Moody’s: Ba1
Stock: NYSE: AAP

About Tenant

Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider that serves both professional installers and do-it-yourself (DIY) customers. Advance is a publicly...

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Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

394 Listings
97760 Views
178 Sold

Patrick Luther

SRS National Net Lease Group

Contact

446 Listings
107759 Views
211 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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