Advance Auto Parts - Jacksonville, FL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Advance Auto Parts located at 1008 Edgewood Ave N in Jacksonville, FL (“Property” or “Asset”). The Property is occupied by Discount Auto Parts Inc. (“Tenant”) and guaranteed by Advance Stores Company, Inc. (“Guarantor”) which operates on an NNN lease with ±3.6 years of term remaining, 5.0% rent escalations every 5-years and three, five-year renewal options.

Located in West Jacksonville, the Property is conveniently situated just north of the signalized intersection of Edgewood Ave N and Commonwealth Ave, with direct visibility to nearly 32,000 vehicles per day. The Property is positioned as an outpad to Commonwealth Shopping Center that is anchored by a Rowe’s IGA Supermarket and generates 883K visits annually