- 20+ YEARS OF CONTINUOUS OCCUPANCY - Advance Auto Parts has operated continuously at this location since 2003, demonstrating long-term commitment to the site and validating the strength of the underlying real estate.
- INVESTMENT-GRADE TENANT | NATIONAL MARKET LEADER - Leased to Advance Auto Parts (NYSE: AAP), one of the nation's largest automotive aftermarket retailers with over 4,200 locations nationwide and a BBB- credit rating.
- CORPORATE-GUARANTEED LEASE WITH RENT GROWTH - Corporate-guaranteed NN lease with approximately 6 years remaining and 7% rental increases throughout each option period.
- HIGH-TRAFFIC RETAIL CORRIDOR | 21,359 VPD - Positioned along Oriskany Boulevard, one of the primary commercial corridors serving the Utica-Rome MSA, alongside Aldi, Wendy's, Taco Bell, AutoZone, Safelite and numerous additional national retailers.
- SERVING 107,000+ RESIDENTS WITHIN FIVE MILES - Located just two miles from Downtown Utica, the property serves one of the region's largest population bases with more than 107,000 residents and nearly 57,300 employees within a five-mile radius.
- AGING U.S. VEHICLE FLEET SUPPORTS LONG-TERM DEMAND - The average age of U.S. vehicles has reached a record 12.8 years, supporting durable long-term demand for automotive replacement parts and maintenance.