STNL Property Video
Price
$650,602
The Deal in 30 Seconds
Deal Highlights
Strategic Location: Outparceled to Lowe’s on Franklin’s busiest road, with highway access, car-dependent demographics, and an automotive service cluster—driving steady, repeat traffic and long-term stability.
Replaceable Rent: With seven national tenants on Armory Drive paying between $72,000 and $185,000 annually, this property’s rent of just $53,637 stands well below market. This significant gap presents exceptional re-leasing upside while minimizing downside risk, making it one of the most attractive single-tenant net lease opportunities in the area.
Recession Proof Tenant: Advance Auto (NYSE: AAP) beat Q1 2025 expectations, reaffirmed above-estimate guidance, and is streamlining via a $1.5B division sale—strengthening its balance sheet. Shares are up 53% from recent lows, signaling renewed investor confidence and long-term potential.
8.25%
Cap Rate
NN
Lease Type
Term Remaining
1.5+ Years
$54,000
NOI
6,000 sqft
Bldg Size
0.64 Acres
Lot Size
1991
Year Built
$74,982
3 Mile HHI
9,420
3 Mile Pop
Landlord Responsibilities: Roof & Structure














