CORPORATE GUARANTY to Advance Auto Parts Inc(NYSE: AAP), one of the nation’s largest and fastest growing automotive suppliers with 4,700+ locations and over 68,000 employees. Advance Auto reported record numbers in 2021 including:
- Full Year Net Sales Increases 8.80% to $11.0 Billion
- Comparable same store sales increased 10.70%
- Operating Cash Flow increased 14.7%to $1.10 Billion.
- Returned over $1.0 Billion in cash to shareholders
3 MILES FROM WESTERN MICHIGAN UNIVERSITY –A USA TOP 100 UNIVERSITY WITH 21,000+ STUDENTS AND 6,000+ FACULTY
1 MILE FROM DOWNTOWN KALAMAZOO –KALAMAZOO IS THE FASTEST GROWING CITY IN MICHIGAN WITH A 11.7% POPULATION INCREASES SINCE 2010
1999 CONSTRUCTION –FULLY RENOVATED IN 2012
LONG STANDING OPERATING HISTORY:
- Tenant has been at this location since 1999 and has recently entered into their second option term. Tenant has 2 options remaining with 5% rent increases.
NN LEASE –LANDLORD ONLY RESPONSIBLE FOR ROOF & STRUCTURE