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1600 E New Circle Rd
Lexington, KY 40509

$1,683,853 USD

Auto Dealership For Sale  •  6,895 SF

Property Details

  • Property Type Auto Dealership
  • Total Building Size 6,895 SF
  • Lot Size 0.52 AC
  • Building Class B
  • Year Built 2014
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning B-6P
30 Transit Score
62 Walk Score

Highlights

The Property Boasts a Corporate Guaranteed Lease With Over Four Years Remaining
Situated on E New Circle Rd, a Major Thoroughfare With Over 23,000 Vehicles Passing Daily, Providing Excellent Visibility
Less Than Five-Miles From the University of Kentucky, Which Enrolls Over 30,000 Students
The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P
Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts 6,895 SF 4/30/2029

Public Transportation

AirportDriveWalkDistance
Blue Grass 22 min - 12.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Clifton McCrory 540-255-5496 Sands Investment Group
Clifton McCrory 540-255-5496 Sands Investment Group