Norwalk, OH - Advance Auto Parts
$1,203,000
225 Milan Avenue, Norwalk, OH 44857
6.75
Cap Rate
81,200
NOI
Details:
Description:
• Over 3 years remaining with 2 (5-year) option periods to extend
• Lease is corporate signed by Advance Stores Company, Incorporated
• Features 5% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Located as an outparcel to a Walmart Supercenter, helping draw more consumers to the trade area
• Situated just north of Norwalk Korners Plaza, a 77,000 square foot shopping center anchored by Big Lots
• Northeast of Mid-Town Shopping Center, a 76,000 square foot shopping center anchored by Miller’s Grocery Store
• Located in the center of a primary retail corridor with other nearby national/credit tenants including Dollar General, Anytime Fitness, Walgreens, Rural King, Ace Hardware, Sherwin Williams, and more, further increasing consumer traffic to the site
• Strong tenant synergy promotes crossover shopping to the subject property
Location

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