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9523 Pulaski Hwy, Middle River, MD, 21220

Advance Auto Parts
$2,189,675

Key Information

Cap Rate
6.15%
$ per SF
$313
Tot. SF
6,982
Lot Size
0.54 Acres
Year Built
2016
Term Remaining
± 9.5 Years
Type
Retail
NOI
$134,665

Highlights

• 2016 build-to-suit construction for Advance Auto Parts
• 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 236,426 residents
• Affluent demographics with an average household income of $114,609 annually
• Middle River is located roughly 15 minutes from downtown Baltimore
• 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

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203