• 2016 build-to-suit construction for Advance Auto Parts
• All red brick construction prototype
• Recent long term lease extension, proving the tenants commitment to the location and market
• ±9.5-Years remaining on the base term of a NNN lease, with Three, 5-Year extension options
• Corporately guaranteed lease from Advance Auto Parts
• 5-Mile population of 110,219 residents
• Affluent demographics with an average household income of $170,144 annually
• Ledgewood is located just 40-miles West of Manhattan NY
• Advance Auto Parts (NYSE: AAP) is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it yourself customers.
• Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
• Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.