Auto-Wares Investment

InvestmentSaleRetailSpecialty 11,875 SF
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610 Oak St
Danville, IL 61832
Price: $395,000 (Previously $495,000)
Building Size: 11,875 SF
Lot Size (acre): 1.02 AC
Parking: Ample
Zoning: B-3 (General Business)
Tax PIN: 23-05-315-039
Gross Income: $58,800
NOI: $58,800
Cap Rate : 11.88

Property Description

Auto-Wares is a full line, full service, aftermarket supplier. Featuring 12 distribution centers and 185 company-owned auto parts stores, spanning 5 states, this family-owned business is focused on providing the automotive aftermarkets’ parts needs with exceptional customer service.

Area Description

Free-Standing, brick building, is centrally located in Danville, IL. Danville and its surrounding area has a retail market of over 100,000.

Investment Highlights

  • Leased to Auto-Wares thru 11/2024 – w/5 Year Option
  • NNN Lease with Tenant responsible for Initial $5,000 in Repairs Annually
  • Base Rent of $58,800/Year
  • Long-Standing Auto Parts Store in Community