• 2012 Conversion from CarQuest: Building converted in 2012 to Advance Auto Parts, delivering modernized facilities tailored for automotive aftermarket retail with minimal near-term capital needs.
• ±9.75 Years Remaining on Base Term: Strong lease term with two additional 5-year extension options, ensuring long-term income visibility and stability.
• Recent Early Lease Extension: Advance Auto Parts recently extended the lease early, underscoring their commitment to the location and confidence in the Bridgeport market.
• High-Traffic Location: Situated just off Hwy 8 with over 91,500 vehicles daily, providing exceptional visibility and drive-by traffic for essential retail.
• Strong 5-Mile Population: ±282,736 residents within a 5-mile radius, creating a robust customer base for automotive parts and services.
• Affluent Demographics: Average household income of $123,839 annually, supporting consistent spending on vehicle maintenance and aftermarket parts.
• Prime Bridgeport Positioning: Located along the Long Island Sound in southwestern Connecticut, offering direct access to waterfront parks, beaches, and a working harbor.
• Regional Connectivity: Bridgeport is approximately 60 miles northeast of New York City, providing convenient access to the greater NYC metropolitan area and commuter demand.

Tenant Highlights

• Leading National Brand: Advance Auto Parts (NYSE: AAP) is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it-yourself customers nationwide.
• Corporate Guarantee: Lease is fully guaranteed by Advance Stores Company, Inc. (S&P rated BB), delivering investment-grade tenancy and payment reliability.
• Essential Retailer Resilience: Recognized as an essential retailer, Advance Auto Parts maintained consistent operations and rent payments throughout the COVID-19 pandemic and economic cycles.