Advance Auto Parts · New Bedford, MA

Advance Auto Parts NNN

474 Mt Pleasant St · New Bedford, MA 02746 · Auto Parts / Service

Asking price

$2,080,000

Cap rate

7.25%

NOI

$150,840

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Lease

Lease typeNNN

Term remaining6.3 yrs

Expiration10/2032

Rent bumps7% rent increases in each option period

Options—

Ground leaseNo

Credit profile—

TenancySingle

Planning a 1031 Exchange

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Property

Building SF7,000

Price / SF$297

Year built2007

Lot size0.56 ac

TypeAuto Shop

Days on market3

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

HIGH-PERFORMING STORE - RANKED #32 OF 80 STATE LOCATIONS in MA. This location ranks is one of Advance Auto Parts' stronger-performing stores, ranking #32 among approximately 80 Massachusetts locations. It also ranks sixth amongst 29 locations within a 30-mile radius.
NNN LEASE - The tenant is responsible for all operating expenses, maintenance, roof, and capital expenditures, with landlord solely responsible for structure, foundation, and slab
TENANT: ADVANCE STORES COMPANY, INC. - A subsidiary of Advance Auto Parts, Inc., one of North America's largest automotive aftermarket retailers with more than 4,300 locations and approximately $8.6 billion in annual revenue
6 YEARS LEFT WITH OPTIONS THROUGH 2042 & 7% RENT INCREASES - The lease offers approximately six years of remaining base term, followed by renewal options extending occupancy through 2042. Each option period features 7% rent increases, providing contractual income growth and long-term appreciation potential
ESTABLISHED RETAIL LOCATION SERVING THE SOUTH COAST SINCE 2007 - Advance Auto Parts has successfully operated from this location since 2007, demonstrating long-term commitment to the site and a proven operating history within one of New Bedford's primary commercial corridors.
HIGH-VISIBILITY SIGNALIZED CORNER LOCATION - The property occupies a signalized intersection along Mount Pleasant Street with excellent visibility, convenient access, and proximity to major retailers, supporting consistent customer traffic and long-term operating performance.

Property overview

Marcus & Millichap is pleased to exclusively present for sale a NNN lease with Advance Auto Stores Company, in the historic town of New Bedford, MA.

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.