Advance Auto Parts EXCLUSIVE LISTING | Lusby, MD
AEXdCvaLnUcSeIVAEutLoISPTaIrNtsG| Lusby, MD
Offering Memorandum
Advance Auto Parts | Lusby, MD
Actual Site
ANDREW FALLON
EXECUTIVE MANAGING DIRECTOR
(703) 787-4733 afallon@
CCAALLKKAAIINN..CCOOMM
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Advance Auto Parts | Lusby, MD
Offering Memorandum
Financial Summary
11731 Rousby Hall Rd | Lusby, MD 20657 Asking Price $1,850,000 | Cap Rate 6.15%
Annual Base Rent Rent/Month Rent/SF Rentable Square Feet Land Area Tenant Name Website Credit Rating Stock Symbol Guarantor Ownership Type Lease Type Landlord Responsibilities Year Built/Expanded Lease Term Remaining Rent Commencement Lease Expiration Increases Options
$113,900 $9,491.67
$16.75 6,800+/- SF 0.44+/- Acres Advance Auto Parts S&P: BBBNYSE: AAP
Corporate Fee Simple
NN Roof, Structure & HVAC
2008/2013 7 Years
December 12, 2013 January 31, 2024
10% in Each Option Four (4), Five (5) Year
Rent Schedule
Term
Increases
Years 1-10
-
Years 11-15 (Option 1) 10%
Years 16-20 (Option 2) 10%
Years 21-25 (Option 3) 10%
Years 26-30 (Option 4) 10%
ARnennutal $113,900 $125,324 $137,836 $151,572 $166,736
MRoenntht ly $9,491.67 $10,443.67 $11,486.33 $12,631.00 $13,894.67
Rent/SF $16.75 $18.43 $20.27 $22.29 $24.52
Investment Highlights
?? Build-to-suit construction in 2013 ?? Corporate lease with minimal landlord responsibilities ?? 10% rent increases in the four (4), five (5) year option periods ?? Building was expanded specifically for AAP's use & occupancy beginning
in 2013 ?? Located adjacent to Lusby Town Center and Lusby Hills Shopping Center
anchored by Giant grocery & gas, and other national retailers including Starbucks, Verizon and Domino's Pizza ?? Advance Auto Parts shares access with Walgreens and Community Bank as strategic co-tenants ?? Average HH income of over $96K within 3 mile radius
?? Population of 25,532 people within 5 miles
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Advance Auto Parts | Lusby, MD
Offering Memorandum Site Photos
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Advance Auto Parts | Lusby, MD
Offering Memorandum Surrounding Retail
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Advance Auto Parts | Lusby, MD
Offering Memorandum Surrounding Retail
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