6623 N Ridge Rd
Madison, OH 44057

Advance Auto Parts located in Madison, OH with 10 years remaining on a 15-year lease. The subject property is located on Ridge Road (State Route 20), the main commercial corridor in Madison, OH, which is part of Greater Cleveland and sits between Cleveland and Eerie, PA.This Advance Auto has tremendous curb appeal, with a relatively minor setback of the building from the street, a high-identity monument sign, easy ingress/egress, and 28 dedicated parking spaces. Advance Auto pays a modest $15.68 psf on 6,895 sf on a generous 1.15 acre lot. The asset was a ground up build-to-suit development for Advance Auto whose construction was completed and rent commenced in 2013. Landlord is responsible for structure only. There are nearly 24,000 people within 5 miles of the subject property with household incomes nearing $68,000. Madison is a 50 minute drive from downtown Cleveland and an hour from Eerie, PA. The combination of low rent, ideal “do it yourself” market, limited landlord responsibility, high-identity location and fungible quality of the building and land, make this a fundamentally solid investment opportunity. Advance Auto is located within the heart of a sizable cluster of notable national brand retail including Burger King and McDonald’s (directly across the street), Rite-Aid (adjacent), as well as Walmart Supercenter, Walgreens, Giant Eagle, Arby’s, O’Reilly Auto, Wendy’s, Family Dollar, Chase Bank, Huntington Bank, Verizon, AutoZone and numerous others. There are also numerous “mom and pop” auto/collision operations in the immediate trade area which speak to the viability of this immediate market for Advance Auto.