45 Main Street

Highlights:

• Corporate guaranteed NN lease backed by Advance Auto Parts (NYSE: AAP).
• Long-term tenant with lease through December 31, 2035.
• Attractive 6.50% CAP rate at $905,846 purchase price.
• Limited landlord responsibilities (roof, structure, parking lot, HVAC over $500).
• 6% rent increase in 2031 plus two 5-year renewal options with escalations.
• Strong local demographics with over 12,500 residents within 5 miles.

Description:

AiCRE Partners is pleased to exclusively present the opportunity to acquire a freestanding, corporately guaranteed Advance Auto Parts property in Savannah, Tennessee. This high-performing location has demonstrated long-term operational success, having been in place since 2000, with a lease recently extended through December 31, 2035, offering investors over 10 years of secure income.

Situated at 45 Main Street, the property anchors Savannah’s primary retail corridor and benefits from excellent visibility and accessibility. The site sits on 1.17 acres and encompasses 7,000 SF of well-maintained retail space. Under a NN lease structure, the landlord’s responsibilities are limited to roof, structure, parking lot, and HVAC repairs above $500 — providing true passive income potential.

This offering is priced at $905,846 with a 6.50% CAP rate, offering an attractive entry point into the single-tenant net lease (STNL) space backed by a highly resilient tenant in the automotive aftermarket sector. The lease features scheduled rental increases in 2031 and two 5-year renewal options, creating opportunities for income growth and long-term value.

Savannah serves as the economic and cultural center of Hardin County, offering a stable population and income base. National retailers thrive in this trade area thanks to robust local demographics and consistent demand from nearby attractions like Pickwick Lake and Shiloh National Military Park.

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