Advance Auto Parts 2721 S Grand Ave East

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in an Advance Auto Parts located at 2721 S Grand Avenue E in Springfield, Illinois (the “Property”). Constructed in 2003, Advance Auto Parts has been at this location for 21 years and recently extended their lease, demonstrating their commitment to the site and the market. Advance Auto Parts has 8+ years remaining on their lease with two (2), 5-year renewal options. The lease features an attractive rent increase at the start of each renewal option. Advance Auto Parts is strategically located on S Grand Ave E, down the street from the junction of Interstates 55 and 72. The area features a strong presence from the auto industry, with a large number of auto dealerships and auto service providers offering excellent synergy with Advance Auto Parts. There are a number of municipal offices in the immediate area as well as a strong industrial presence, notably the Springfield Pepsi-Cola bottling distribution center, providing for a healthy employee presence. Additionally, the Property is 1-mile from Interstates 55 and 72, 0.5-miles from Illinois Route 29 and 1.5-miles from Illinois Route 97.