Advance Auto Parts NNN — Ledgewood, NJ

Updated July 18, 2026

$2,287,886 · 6.15% CAP · 9.5 YRS

Advance Auto Parts in Morris County within the New York MSA, extended long-term by the corporate tenant. About 9.5 years of NNN term remain, followed by three 5-year renewal options.

Lease Abstract

Price

$2,287,886

Cap rate

6.15% CAP

NOI

$140,705

Term remaining

9.5 YRS

Lease type

NNN

Options

Three, 5-Year Options

Guarantee

Corporate

Building

6,810 SF

Lot

1 AC

Year built

2016

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,810 SF building, built 2016, 1 acre of land. $336/SF asking, $20.66/SF NOI. Renewal options: Three, 5-Year Options. Corporate guarantee. Primary term ends around 2036 (9.5 yrs left at listing, Jul 2026).

Location

Ledgewood, New Jersey. Full address and offering memorandum released on request — see our Advance Auto Parts tenant guide and the New Jersey market page for the underwriting context.