Greenville, OH - Advance Auto Parts

Description:

• The tenant currently has 4 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Aldi, Walgreens, CVS, Dollar General, Bealls, KFC, Harbor Freight, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Greenville High School (813 students), further increasing consumer traffic to the immediate trade area