ADVANCE AUTO PARTS

RARE GROUND LEASE: Subject property offers a rare low rent deal with minimal responsibilities. Tenant is only paying $7.50 PSF in a market with nearly 100,000 residents within 5 miles.
FREEWAY ADJACENT: Strategically located on S Expressway St which sees ±21,900 vehicles per day and one block from I-80 Express that sees a healthy ±93,600 VPD. The site benefits from strong traffic flow and visibility.
CRITICAL RETAIL HUB: 3 of the largest retail traffic drivers are around the corner from the subject property: Home Depot, Walmart, and Sam’s Club. Additionally, there’s more retail support from Harbor Freight, TA Travel Center, ALDI, Cracker Barrel, IHOP, Applebee’s, and many others.
CORPORATE GUARANTEED LEASE: Backed by one of the largest auto parts retailers in the country, Advance Auto Parts, Inc. (NYSE: AAP), a Fortune 500 company with over 4,777 stores nationwide.
STRONG COMMITMENT: The tenant has operated at this location since 1999 and recently extended their lease through 2030, demonstrating long-term commitment and confidence.
PREMIUM INCREASES: Lease includes 15% rental increases at the beginning of each of the two remaining option periods, enhancing income growth and providing a hedge against inflation.
AUTOMOTIVE TRADE AREA SYNERGY: Located within a high-traffic automotive corridor surrounded by multiple national and regional car dealerships, which supports consistent demand for auto parts and related services.
RECESSION-RESISTANT SECTOR: Automotive parts and maintenance businesses have proven stability and demand resilience during economic downturns, supporting continued tenant success.

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Adam Marek