1600 New Circle Rd Lexington, KY 40509

This exceptional investment opportunity presents a 6,895 square foot Advance Auto Parts retail building situated on a 0.52-acre lot at 1600 East New Circle Road, Lexington, KY 40509. The property boasts a corporate-guaranteed triple-net (NNN) lease with Advance Auto Parts, a publicly traded company (NYSE: AAP) with an investment-grade credit rating (BBB- from S&P and Baa2 from Moody's) and over $11.3 billion in annual sales (2023). The lease commenced June 30, 2006, and has a remaining term of approximately 4.4 years, expiring April 30, 2029, with three 5-year renewal options, each including a 5% rent increase. The current asking price is $1,683,853, representing a price per square foot of $244.21 and a 7.50% cap rate based on a net operating income (NOI) of $126,289. The property enjoys excellent visibility and accessibility on East New Circle Road, a major thoroughfare with over 23,000 vehicles passing daily. Its proximity to the University of Kentucky (less than five miles) and numerous national retailers, including Home Depot, Lowe's, Kroger, and several fast-food chains, ensures strong commercial synergy and high customer traffic. The property's 100% occupancy and the recession-resistant nature of the automotive parts retail sector make this a compelling investment.