STRONG CREDIT TENANT
- Lease is backed by a publicly traded (NYSE: AAP), corporate entity with 4,900+ locations and $9.60B in annual revenue.
RECENT LEASE RENEWAL
- Tenant has demonstrated their commitment to the location by signing a new 5 year lease renewal which began in June 2020.
RENOVATION & REDEVELOPMENT
- This building was extensively renovated as an Advance Auto Parts store in 2010 at the beginning of their original lease term.
- Advance Auto sits as a pad to Medwick Marketplace, a large Marc’s grocery anchored center. While the center has a large vacant big box, it is also prime for redevelopment.