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33711619
33711617

1392 EDWIN MILLER BLVD, MARTINSBURG, WV 25404-3704

MT
FL BK3217284
STNL
Listed by STNL
$1,846,154
16 days on market
Updated 16 days ago

Advance Auto Parts | Upcoming Rent Bump | Martinsburg, WV

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,000
Cap Rate 6.5%
NOI $120,000
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NNN
Lease Term 30.1
Lease Expiration 11/30/2034
Remaining Term 8.4
Rent Bumps Yes
Lease Options Two (2), Five (5) year
Year Built 2004
Acreage 0.850
Tenant Credit Corporate Guarantee
Lease Commencement 10/15/2004
Ground Lease No

Easy access to I-81 | Thriving industrial hub

Marketing description

1. Strategic Location: Located along Edwin Miller Boulevard,

Advance Auto Parts is strategically positioned within the area’s

primary commercial corridor, benefiting from strong visibility and

consistent consumer traffic. With immediate access to Interstate

81, the property captures demand from both local residents and

regional travelers, supporting long-term tenant performance and

site exposure.

2. Stable Cashflow: The tenant has successfully operated at

this location since 2004, demonstrating long-term confidence in

the Martinsburg market. The subject has strong unit level annual

sales, reach out to agent for more detail. The recent execution

of a 10-year lease extension, with 8.5 years of term remaining,

provides investors with durable and predictable income. The

lease structure also offers built-in protection against inflation

through scheduled rent increases of 10% every 5 years, including

throughout the upcoming option period beginning in 2034.

3. Recession-Resistant Tenant: Advance Auto Parts (NYSE:

AAP) continues to gain momentum through its restructuring

strategy, reporting positive EPS of $1.13 in 2025 — its first

profitable year since 2022. The automotive aftermarket industry

has historically remained resilient during economic downturns.

With the average vehicle age in the U.S. reaching 12.9 years,

alongside continued growth in miles driven and overall vehicle

fleet size, Advance Auto Parts is positioning themselves for

sustained long-term demand and operational stability.

Listing Contacts

MT
FL BK3217284
STNL
Listed by STNL

Valuation Calculator

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$
$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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