Advance Auto
Sterling, IL 61081
True NNN- Huge Upside Potential- PAD to Mall · Retail Property For Sale

We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant NNN lease investment leased to Advance Auto Parts (NYSE: AAP) with approximately 9.5 years remaining. Advance Auto Parts is currently dark leaving an investor an opportunity to collect $9,508/month until a buyout is negotiated and a new tenant occupies the space. Located in Sterling, IL the subject property is positioned as an outparcel to the Northland Mall which was recently acquired in December of 2017 by Namdar Realty Group who owns over 42 million square feet of commercial real estate throughout the United States. With plans to subdivide the former JC Penney’s space and add two outparcel pad buildings in front of the mall, the subject property will be part of a new revitalized retail destination better suited towards the retail needs of the surrounding area. This is a unique opportunity to buy a recently constructed Advance Auto Parts building (built in 2013), with approximately $1,065,000 left in rent on the lease, positioned as an outparcel to a mall on a large 0.96 acre lot.