Pliskin Realty is pleased to offer for sale a 7,000 SF building on a
37,461 SF lot occupied by Advanced Auto Parts with a corporate
lease.
Corporate Lease: Advanced Auto Parts (AAP) is traded on the NYSE
Advanced Auto Parts reported net sales in excess of $11 Billion.
Long Term Occupancy: Advance Auto Parts has been at this location
since 2008 and has executed two lease extensions. demonstrating
their commitment to the site. Advanced Auto Parts has 10 years
remaining on their present lease with three (3) - 5 year renewal
options.
Attractive Rent Increases: The Advanced Auto Parts lease calls for a
10% rent increase on February 1, 2031, followed by a 10% rent
increase at the start of each of the three option renewals.
Minimal Landlord Responsibilities: The landlord is responsible for
the structure, foundation and slab. AAP is responsible for everything
else including Taxes, Cam, Insurance, Roof, Parking Lot, etc.
High Traffic Counts: Over 27,000 vehicles pass directly in front of the
property daily