NNN Pro Group is pleased to present the exclusive listing for an Advance Auto Parts located at 2349 McGrady Drive Southeast, Cleveland, Tennessee. The site consists of roughly 6,876 rentable square feet of building space on estimated 0.77-acre parcel of land. This Advance Auto Parts has 11.4 years remaining on the lease, which commenced December 4th, 2004. The tenant recently extended the lease term by 10 years while in their first option period of the original lease term and added three 5-year renewal options, showing long term commitment at the site. The current annual rent is $110,250 and is scheduled to increase by 5% in 2030 and in each of the 3, 5-year renewal options.
✓ Advance Auto Recently Extended the Lease Term by 10 years Showing Long Term Commitment at the Site
✓ Approximately 11.4 Years of Lease Term Remaining | Tenant responsible for Maintenance and Repair of Roof, HVAC and Parking | Landlord responsible for Structure Only
✓ Hedge Against Inflation | 5% Rental Escalations in 2030 and in Each Tenant Renewal Option Period
✓ Three (3) Tenant Renewal Option Periods of Five (5) Years Each
