Advance Auto Parts Beverly, OH

Highlights:

• Recent Five-Year Extension, Demonstrating strength of location in AAP system
• 11+ years left on NN Lease
• Corporate Guaranteed Lease
• Price per Square Foot under $175
• 2015 Build To Suit Construction
• Limited Landlord Responsibilities - Roof, Structure, HVAC

Description:

SVN is pleased to present the opportunity to purchase the single-tenant net-leased Advance Auto Parts property located in Beverly, Ohio. Advance Auto Parts has been operating at this location since 2015, and recently extended the lease demonstrating commitment to the site. The lease currently runs through December 2035 and features 5% rent increases through five, 5-year options. This is the only national automotive aftermarket parts retailer in a 15 mile radius.

Advance Auto Parts, Inc is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. Founded in 1932 and headquartered in Raleigh, North Carolina, the company operates over4,700 stores and 150 Worldpac branches in the United States, Canada, Puerto Rico, and the Virgin Islands. Advance Auto Parts offers a comprehensive selection of automotive products, including replacement parts, batteries, accessories, and maintenance items.

Beverly, Ohio, located along the banks of the Muskingum River, is a community known for its connection to history and small-town appeal. The village offers visitors and residents a chance to explore sites like the Beverly Lock, part of the Muskingum River Waterway, which played a crucial role in the transportation and commerce of the region during the 19th century. The town is also home to several historical buildings that reflect its heritage. Outdoor enthusiasts enjoy activities like boating and fishing along the river, with parks and nature nearby for those looking to experience the natural landscape.

The local economy in Beverly centers on a mix of small businesses, agriculture, and services that cater to both the town and surrounding areas. Its location near larger cities like Marietta provides additional opportunities for employment and commerce, while the town itself supports a variety of shops, restaurants, and essential services that sustain day-to-day life. Agriculture remains a significant contributor to the local economy, with farms and agribusiness continuing to play a part in the community's livelihood.

Culturally, Beverly hosts community events that bring residents together throughout the year, fostering a strong sense of togetherness. The annual fireworks display and various seasonal festivals are popular attractions, showcasing the town's enthusiasm for tradition and celebration. Beverly’s historical roots are often highlighted in local celebrations, with a focus on preserving the past while also providing opportunities for modern engagement, making it a welcoming place for families and visitors alike.

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