Advance Auto Parts

Highlights:

• Long-Term Commitment to Site with Tenant Having Over 14 Years at this Location
• Over 6 Years Remaining in Term with Three (3), 5-Year Renewal Options Available
• Strong 9% Rental Increase in First Option and 5% Rental Increase in Second and Third Options
• Positioned Along Lake Michigan Dr NW Which has Daily Traffic Counts Exceeding 30,900 Vehicles
• Situated within a Busy Retail Corridor and Surrounded by Multiple National Retailers Including Aldi, Chick-fil-A, Starbucks, Culvers, Meijer, McDonald's, Taco Bell, Panera Bread and Many Others
• Corporate Guarantee | NYSE: AAP | S&P 600 Component

Description:

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Walker is a city located in Kent County, just northwest of Grand Rapids in western Michigan. As part of the Grand Rapids metropolitan area, the second-largest in the state—Walker has a population of approximately 25,000 and continues to experience steady growth in both residential and commercial sectors. The city is home to a diverse mix of industrial, retail, and residential development. Walker is notably the headquarters of Meijer, one of the Midwest’s largest retail chains, and supports a strong base of manufacturing and logistics businesses within its industrial parks. Its strategic location along major highways like I-96 and US-131 provides excellent regional access, with Gerald R. Ford International Airport nearby for national connectivity.

New development is particularly active in areas like the Standale corridor, where restaurants, retail, and mixed-use projects are revitalizing the local economy and attracting new residents. With ongoing investment, modern infrastructure, and close proximity to Grand Rapids’ cultural and educational institutions, Walker offers a balanced environment for both business and lifestyle, making it an increasingly attractive destination for residents and investors alike.

Grand Rapids is the second-most populous city in Michigan and the seat of Kent County. With a population of over 200,000, it is the largest city in West Michigan and anchors a metropolitan area of more than 1.3 million people. The region is one of the fastest-growing in the state and plays a vital role in Michigan’s economy. Located along the Grand River, Grand Rapids has evolved from its roots as “Furniture City” into a hub for advanced manufacturing, health care, and innovation. The city is home to major furniture companies like Steelcase and Herman Miller, and its economy is further strengthened by the nearby Gerald R. Ford International Airport, which provides access to national markets.

In recent years, downtown Grand Rapids has undergone major revitalization, transforming into a vibrant center for arts, culture, and business. Mixed-use developments, restaurants, breweries, and residential lofts have drawn new residents and visitors. Grand Rapids is also recognized for its strong quality of life and sustainable development. With walkable neighborhoods, an expanding transit system, and a growing medical and research corridor, the city continues to attract families, professionals, and businesses seeking a balanced and forward-looking community.