Investment Overview

- Corporate Advance Auto Parts located in a high-income area of Macon, GA - Advance Auto Parts, Inc. (NASDAQ: AAP), founded in 1932 and headquartered in Raleigh, NC, currently operates nearly 5,000 locations across the U.S. and reported revenue of $9.09 billion and a net worth of $2.5 billion in 2024 - High average household income market- nearly $101,000 within a 1-mile radius and over $108,000 within a 5-mile radius - Long operating history at this location- 18+ years - 20% rental increase in 1st Option (8/1/2027), 5.0% in 2nd and 3rd Options - Conservative rent of just $15/SF ($110,128) - Dense retail market- located near Walmart, Lowe’s, Kohl’s, Kroger, Walgreens, Goodwill, CVS, Taco Bell, Chick-fil-A, Zaxby’s, and two class A multi-family assets (Lofts at Zebulon with 247 units and The Ansley with 294 units) - High traffic location- over 57,000 cars per day on Interstate 475 and over 28,000 on Zebulon Road - Conservative price/SF of $216- below replacement cost for an all-brick building - Minimal Landlord responsibilities- only slab/structure- Tenant is responsible for roof, parking lot, and HVAC’s - Macon is Georgia’s fifth largest metro with over 230,000 residents - Large parcel- 1.14 acres