Tenant Highlights

• Advance Auto signed a brand new 15-year lease in 2020, confirming their commitment to the location and market
• RARE Absolute NNN lease for Advance Auto Parts
• Attractive 10% rent increase in 2028 (cap rate increase to 7.70%, assuming a purchase at list price)
• ±7.50-Years remaining on the base term of an initial 15-year lease
• ±17,400 Vehicles daily in front of the store along Western Avenue
• 5-Mile population of ±118,546 residents
• “Do it Yourself” demographics based on an average household income of $78,815 annually
• Positioned within a thriving retail corridor surrounded by national retailers including Wal-Market, Target, Walgreens, Dunkin, Dominos, and many more.
• West Peoria is centrally located in Peoria County along the Illinois River, offering convenient access to riverfront parks, recreational trails, and nearby outdoor amenities.

Location Highlights

• 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.
• Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
• Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.