SOLD – Advance Auto – Rocky Mount, VA

THE OPPORTUNITY

• Brand New 10-year lease term, showing commitment to location after 30-year operating history
• ​​Rare Mid-Term Increases of 5.26% in Year 6 and 10% in both option periods
• ​Strong sales growth with healthy rent-to-sales ratio
• ​Minimal Landlord Responsibilities
• ​Corporate Lease via publicly traded company
• ​NYSE: AAP – $15B market capitalization
• ​Initial Term Until 12/31/2031
• ​Grocery Outparcel

THE HIGHLIGHTS

• Outparcel to Food Lion and Rose’s shopping center.​ Each with strong sales and operating history since the mid-1980s
• ​High occupancy levels in the immediate area with historical shop vacancies at <5%
• ​Convenient access to US Route 220 which connects Rocky Mount with Roanoke and Greensboro, NC
• ​Positive rent growth within the market of over 4%
• ​Located at a signalized intersection with over 18,000 vehicles per day on Tanyard Rd
• ​Tanyard Rd is the primary retail thoroughfare for the market, connecting homes, schools, and other retailers
• ​Great visibility from Tanyard Rd with multiple points of ingress and egress
• ​Franklin County High School next door, with 2,300 students