Advance Auto Parts

504 South Heaton Street Knox, IN 46534

504 South Heaton Street, Knox, IN, 46534
504 South Heaton Street, Knox, IN, 46534 504 South Heaton Street, Knox, IN, 46534
FOR SALE
Property Type:
Street Retail
Amount:
$1,442,154
Last Verified:
Sep 17, 2025

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Highlights

  • Long-Term Commitment to the Site with the Tenant Having Nearly 20 Years at this Location
  • Lease Supports Three (3), 5-Year Renewal Options with 5% Rent Increases in Each Option
  • Situated Within a Retail Corridor and Surrounded by National Retailers Including Burger King, McDonald's, Taco Bell, Tractor Supply Co, Subway and O'Reilly Auto Parts
  • Easily Accessible with Multiple Points of Access and Ample Parking
  • Corporate Guarantee | NYSE: AAP | S&P 600 Component
  • Average Household Income Exceeds $74,000 within a 5-Mile Radius of the Subject Property

Description

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Knox is a city in Center Township, Starke County, Indiana. Knox County was founded in 1790 along the banks of both the Wabash and White Rivers. The county's agriculture industry is #2 in the country for watermelon production and boasts acre upon acre of family farms. The city and county are in northwest Indiana, a region that is connected to larger metropolitan areas like Chicago but remains separate from them. Knox is located approximately 40 miles southwest of South Bend, Indiana. South Bend is a city in St. Joseph County, Indiana. and its county seat. It lies along the St. Joseph River near its southernmost bend, from which it derives its name. It is the fourth-most populous city in Indiana with a population of 103,453 at the 2020 census. Located directly south of Indiana's northern border with Michigan, South Bend anchors the broader Michiana region. Its metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199 residents. Today, the largest industries in South Bend are health care, education, small business, and tourism. The city is home to manufacturer AM General and financial services company 1st Source. A major draw for visitors is the nearby University of Notre Dame, which also plays an important role in the local economy and culture. The city is served by the South Bend International Airport and by the South Shore Line commuter railway, connecting South Bend to downtown Chicago, which is 72 miles to the west.


Year Built: 2006
Building Size: 6860sq ft
Lot Size: 0.85 acres

Map of 504 South Heaton Street, Knox, IN, 46534

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.