ADVANCE AUTO PARTS

INVESTMENT HIGHLIGHTS

• Brand New, 2024 construction Advance Auto Parts
• 4-sided Brick and Block upgraded architectural design
• ±1.25-acre parcel located in an emerging Regional Trade Area
• Advance Auto Beverly is positioned +/-2 miles north of the Shoppes of Black Diamond, a 29-acre development that includes Target, ALDI, 7-Eleven, Panera Bread, Texas Roadhouse, and Starbucks, with store openings starting in Q1 & Q2 2024
• Advance Auto is adjacent to Walgreens, sharing inter parcel, cross access at a Signalized Intersection
• The opening of AAP in Beverly Hills completes a triangulation strategy with five other nearby AAP stores, creating market dominance in Citrus County [illustrated on page 9 of the offer memo]
• The Lecanto/Beverly Hills segment of Citrus County is a shopping destination for 170,884 residents located in Citrus County
• Lecanto/Beverly Hills is home to Black Diamond Ranch, a 1,320-acre world-class golf course community with 800 residences and 45 holes of golf. Black Diamond Ranch ranks in the top 20 golf courses in Florida.
• Other nearby traffic generators are Publix at Citrus Hills, Walmart Supercenter, Brentwood Farms Golf Club, Twisted Oaks Golf Club, and many others
• As of April 2024, Advance Auto Parts operates 4,777 stores throughout the US, Canada, Puerto Rico, and the US Virgin Islands
• 15-year Primary Term commencing May 2024
• Modified NNN lease structure with Tenant responsible for repair and replacement of roofing system, parking lot
• While a Tenant’s responsibility, the roofing system includes a 20-year manufacturer warranty.
• Rare 10% rental increases every 5 years throughout the base term and option periods.