Advance Auto Parts NNN — Ludington, MI

Updated July 18, 2026

$933,335 · 6.75% CAP · 10.5 YRS

Advance Auto Parts on a corporate-guaranteed NN lease with about 10.5 years of term left. The 2000-vintage store carries two 5-year options behind sub-$1M pricing at a 6.75% cap.

Lease Abstract

Price

$933,335

Cap rate

6.75% CAP

NOI

$63,000

Term remaining

10.5 YRS

Lease type

NN

Options

Two (2), 5-Year

Guarantee

Corporate

Building

7,000 SF

Lot

1.49 AC

Year built

2000

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

7,000 SF building, built 2000, 1.49 acres of land. $133/SF asking, $9.00/SF NOI. Renewal options: Two (2), 5-Year. Corporate guarantee. Primary term ends around 2037 (10.5 yrs left at listing, Jul 2026).

Location

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