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33528095
33528096

1740 M-139, Benton Harbor, MI 49022

MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$1,359,000
2 days on market
Updated 2 days ago

Advance Auto Parts

Details
APN 03-0031-0040-36-0
Property Type Retail
Sub Type Auto Shop
Square Footage 8,020
Cap Rate 8%
NOI $108,719
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NN
Lease Term 15.1
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options 3 (5-year) options to extend
Year Built 2017
Buildings 1
Acreage 1.070
Zoning General Commercial
Parking Spaces 30 spaces
Parking Per SqFt 3.74
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/09/2017
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)

Retail | 8.00% CAP | 8,020 SqFt

Marketing description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Advance Auto Parts investment property located in Benton Harbor, Michigan. The tenant currently has 6+ years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to slab, foundation, structure, parking lot, roof and HVAC making it an ideal, low-management investment opportunity for a passive investor. As of January 3, 2026, Advance operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands.

Investment highlights

  • The tenant currently has 6+ years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site
  • The lease features 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
  • As of January 3, 2026, Advance operated 4,305 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands

Listing Contacts

MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,719.00
$9,059.92/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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