Advance Auto Parts
Heavily Traveled Gratiot Ave (42,000 CPD) | Long-Term Tenancy | Recently Exercised 5-Year Option
Investment highlights
Corporate Guarantee | S&P Credit Rating "BB+" | Ideal Low-Management Investment For a Passive Investor
Built-To-Suit For Advance Auto Parts in 2008 | 3+ Years Remain
Lease Supports Two - 5-Year Options with 5% Rental Increases In Each Option
Multiple Points Of Ingress and Egress From Gratiot Ave and N Park Ave | 42,000 VPD+
High Barrier Entry To Market | Priced Below Replacement Cost
2 Miles To The On/Off Ramps Off I-696 | 135,000 VPD+
2 Miles To The On/Off Ramps Off I-94 | 151,000 VPD+
10 Miles To Downtown Detroit
12 Miles To The Detroit-Windsor Tunnel
Average Household Income In a 5 Mile Radius Exceeds $69,000
Excellent Demographics – Over 375,000 People in a 5-Mile Radius
Advance Auto Parts Extended The Lease Early in 2022, Showing Strong Commitment To The Site
Dense Retail Corridor With Major National Brands: Five Guys, Petco, Wingstop, CVS, Aldi, Olive Garden, Walgreens and Many More
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