| STRONG HISTORICAL OCCUPANCY: 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032) |
| CORPORATE GUARANTEED LEASE: Advance Auto Parts, Inc. (NYSE: AAP | S&P BB Credit Rating | Moody’s Ba3 Rating) |
| Operating 4,297 stores primarily in the U.S. with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands |
| SEASONED SALES LOCATION: Successfully open & operating since 1995 and currently in their 5th renewal option with an ATTRACTIVE 7.04% Rent to Sales Rat |
| STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place - $10.63 psf |
| 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044 |
Kendall Carlsen
Commercial Investment Advisors, INC
