For more information contact: Keith Sturm (612) 332-6600  Upland Real Estate Group, Inc.

Property Description

Advance Auto Parts is now the #2 chain (AutoZone is #1) after its 1998 acquisition of Sears, Roebuck's Western Auto Supply and its 2001 purchase of Discount Auto Parts. Advance Auto Parts operates more than 3,000 stores under the Advance Auto Parts and Discount Auto Parts names in about 40 states; the company's stores operate under the Western Auto and Advance Auto Parts names in Puerto Rico and the Virgin Islands. Sales to commercial customers including garages, service stations, and auto dealers account for about 20% of revenues. The company is also a partner in online auto parts seller PartsAmerica.com. Revenues from December 2006 were $4.616 billion with a net worth of $1.03 billion.

Landlord responsible for repair and replacement of all roof and structure components as well as parking lot. Tenant is responsible for maintaining HVAC system except when cost exceeds $500 or replacement is needed; landlord will split the cost 50/50.

Perecentage Rent: 2.5% in excess of $4,427,836.8 in sales for the initial lease term. Breakpoint for 1st renewal period is $4,567,833.60 and $4,707,8353.20 for the 2nd renewal period.