Advance Auto Parts 1740 Scottdale Road 7,973 SF Retail Building Benton Harbor, MI 49022 $2,023,488 CAD ($253.79 CAD/SF) 7.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Advance Auto Parts property located in Benton Harbor, Michigan. Advance Auto Parts has been operating at this location since 2017 demonstrating commitment to the site. The lease currently runs through November 2032 and features 5% rental escalations in each of the three 5-year renewal options. The landlord responsibilities are limited to structure.
The 7,973 square-foot building bene?ts from its position along Scottdale Road (M-139) which experiences over 14,500 vehicles per day. The property is placed in a diverse retail corridor with top tenants including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, Meijer, T.J. Maxx, PetSmart, and many others. The subject is also just minutes from Interstate 94 (63,600 VPD) which connects Chicago to Detroit. There are over 49,000 people living within a ?ve-mile radius, those of which earn an average household income of $91,387.
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. Founded in 1932 and headquartered in Raleigh, North Carolina, the company operates over 4,700 stores and 150 Worldpac branches in the United States, Canada, Puerto Rico, and the Virgin Islands. Advance Auto Parts offers a comprehensive selection of automotive products, including replacement parts, batteries, accessories, and maintenance items.