Advance Auto NNN for Sale in Chittenango, NY — $1,600,000 | 7.5% Cap
This Advance Auto triple net lease property in Chittenango, NY offers passive income investors investment-grade credit, 7.0-year lease through 2033, and $120,000 annual NOI at 7.5% cap rate with absolute NNN structure.
Recent Lease Extension | 7.50% Cap
Investment highlights
Lease & Location Highlights
● Constructed in 2007 as a built-to-suit for Advance Auto Parts.
● Tenant recently executed an early lease extension through November 2032 —reflecting long-term operational commitment.
● Chittenango is positioned within the Syracuse MSA, and features close proxi
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Investment Highlights
- ✅ investment-grade Investment-Grade Credit — Advance Auto maintains strong credit providing institutional quality and 70-75% LTV financing.
- ✅ 7.0-Year Lease Security — Lease through 2033 provides long-term cash flow with minimal landlord duties.
- ✅ $120,000 Annual NOI (7.5% Cap) — Property delivers $10,000 monthly mailbox money creating truly passive income.
- ✅ Chittenango, NY Market — New York economic scale provides premium demand.
- ✅ Advance Auto Brand Strength — Proven recession-resistant business model with long-term real estate commitment.
Property Details
| Metric |
Value |
| Price |
$1,600,000 |
| Cap Rate |
7.5% |
| Annual NOI |
$120,000 |
| Monthly Income |
$10,000 |
| Lease Remaining |
7.0 years |
| Tenant |
Advance Auto (investment-grade) |
| Lease Type |
Absolute NNN |
| Location |
Chittenango, NY |
Why Advance Auto NNN Properties?
Advance Auto triple net properties offer institutional-quality real estate with proven fundamentals including strong investment-grade credit rating providing major lender support at 70-75% LTV, absolute NNN lease structure creating true passive mailbox money, recession-resistant business model proven through economic cycles, and purpose-built locations with long-term value retention.
Chittenango, NY Market Analysis
New York economic scale provides premium demand. The Chittenango market provides strong demographics, accessible retail corridors, and consumer demand supporting long-term Advance Auto performance and NNN lease stability.
Absolute NNN Lease Structure
This property features absolute triple net lease where tenant pays all property taxes, insurance, maintenance, repairs, and utilities. Investor responsibility limited to mortgage payment (if financed) and collecting rent checks — truly passive income.
1031 Exchange Benefits
This Advance Auto NNN property qualifies as like-kind replacement for 1031 exchange investors seeking to defer capital gains tax, simplify from active to passive real estate, eliminate landlord responsibilities, preserve wealth through institutional quality, and generate predictable income through 7.0-year lease term.
Financing Available
Advance Auto’s investment-grade credit provides excellent financing options including 70-75% LTV from major banks, competitive interest rates, 25-30 year amortization, and non-recourse options for qualified borrowers.
Contact American Net Lease
We represent buyers only — your interests come first. Specializing in Advance Auto NNN acquisitions nationwide.
📞 Call: 239.236.2626
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