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300 S First Ave, La Grange, KY, 40031

Advance Auto Parts
$1,047,273

Key Information

Cap Rate
8.25%
Lot Size
0.79 Acres
Year Built
2006
Term Remaining
±2.5 YRS
Type
Retail
NOI
$86,400
Leasable Area
7,000

Highlights

  • Constructed in 2006 as a built-to-suit for Advance Auto Parts.
  • Tenant executed an early lease extension through July 2028, with two additional five-year renewal options extending potential occupancy through 2038—reflecting long-term operational commitment.
  • The property is positioned in the Louisville MSA and off of I-71, which sees over 50,000 vehicles daily.
  • Extremely strong retail synergy with nearby national tenants including Dairy Queen, Walmart, Kroger, Tractor Supply, Taco Bell, and more.
  • Surrounding area has an impressive 4% projected population growth rate over the next five years.
  • Strong average household income of $132,272 in a 5-mile radius.
  • Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203