Benton Harbor, MI - Advance Auto Parts

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Advance Auto Parts investment property located in Benton Harbor, Michigan. The tenant currently has 6+ years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to slab, foundation, structure, parking lot, roof and HVAC making it an ideal, low-management investment opportunity for a passive investor. As of January 3, 2026, Advance operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands.

The subject property is located at the signalized, hard corner intersection of Scottdale Rd and E Napier Ave which combined average 25,100 VPD. The site benefits from nearby direct on/off ramp access to Interstate 94, a major thoroughfare that averages 65,000 vehicles passing by daily. The asset is located across the street from Fairplain Plaza, a 263,000+ SF shopping center, that is anchored by Kohl’s, Michael’s, Hobby Lobby, T.J. Maxx, PetSmart, Ulta and many more. Other nearby national/credit tenants include Walmart Supercenter, Meijer, Home Depot, Lowe’s, Burlington, Aldi and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 49,000 and 31,000 employees. Residents within a 5-mile radius have an average household income of $93,498.

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Listing ID: a28TP000002qIEDYA2