Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 7,000-square-foot auto-parts store in which Advance Stores Company Inc. has over six years remaining on its corporately guaranteed double-net lease. The lease features two five-year renewal options with an 11 percent rent increase in 2032 and a 4 percent rent increase in 2037. Advance Auto Parts is situated on a 25,000 plus AADT U.S. Highway 119 retail corridor near McDonald’s, Rent-A-Center, Family Dollar, both Cash Saver and Martin’s supermarkets, and other retailers. The auto-parts store sits within a mile of the Penn Highlands hospital, the Connellsville Amtrak station, and the Great Allegheny Passage hiking and biking trail. Located 45.3 miles southeast of Pittsburgh, Connellsville is served by four freight railroads, U.S. Route 119, and State Routes 201 and 711. The city is home to a 166-employee Crown Holdings facility and a 75-employee PSI Packaging Services plant. Connellsville attracts tourists for its access to the Great Allegheny Passage, Ohiopyle State Park and Laurel Caverns. Founded in 1929 and based in Raleigh, North Carolina, Advance Auto Parts sells automotive aftermarket parts to both professional installers and do-it-yourself customers in its stores and online. Traded on the NYSE under ticker symbol AAP, Advance employs over 67,000 people. This exclusive opportunity combines U.S. Highway 119 real estate in the Pittsburgh MSA, limited landlord responsibilities, and the security of a corporate guarantee.