157 Park St Canton, NC 28716

This exceptional investment opportunity presents a fee-simple, absolute NNN leased property located at 157 Park St, Canton, NC 28716. The property features an 8,227 square foot building constructed in 2010 on a 0.7-acre lot. Currently 100% occupied by Advance Auto Parts, a publicly traded company (NYSE: AAP), under a lease with a corporate guarantee. The lease boasts a remaining term of 9.6 years, extending to June 30, 2034, with six five-year renewal options. The current annual net operating income (NOI) is $34,253, representing a 6.00% cap rate on the asking price of $571,000 ($69.41/sq ft). The tenant has a long operating history at this location, recently extending their lease, demonstrating strong commitment. The property benefits from a prime location, with high visibility on Park Street (17,000 vehicles per day), and proximity to significant retail establishments (including Food Lion, Hardee's, Pizza Hut, and Walgreens), as well as Canton Middle and Pisgah High Schools. This is a rare absolute NNN lease structure, offering the investor zero landlord responsibilities. Rent bumps are included in the option periods. The property's strong tenant, long lease term, and favorable location make it an attractive investment opportunity.