1200 N Dixie Hwy
Hollywood, FL 33020

Tiktin Real Estate Investment Services in cooperation with NAI Miami is pleased to present Advance Auto Parts in Hollywood, Florida. This property consists of a 7,000 +/- square foot building, built in 2006 and situated on a 0.88 acre pad. The property features two points of ingress and egress along both Arthur Street and Garfield Street, which both have direct access to North Dixie Highway. Garfield Street continues over the railroad and provides access to North 21st Avenue. Additionally, the property benefits from approximately 285 feet of frontage along North Dixie Highway with a prominent monument sign on North Dixie Highway. North Dixie Highway serves as a connector to both Sheridan Street and Hollywood Boulevard, which provides access to I-95, the major route that traverses the eastern coast of Florida. The Advance Auto Parts is ideally located within a heavily populated, residential area with over 140,000 residents within a three mile radius. There are several other neighborhood-based retailers in the vicinity including automotive repair shops, paint & hardware supply stores, convenience stores, and more. Advance Auto Parts signed a 15-year lease in 2006 through September 2021, however, Advance Auto amended the lease in 2017 to extend the base term until December 31, 2028 at a fixed rate. The first option period will increase rent by 13% with the option periods thereafter increasing by 5% every 5 years. Advance Auto Parts is a credit rated company with a Baa2 credit rating from Moody’s. They are a leading specialty retailer of automotive after-market parts, accessories, batteries and maintenance items primarily operating in the United States. The company was founded in 1929 as Advance Stores Company, incorporated and operated as a retailer of general merchandise until the 1980’s. During the 1980’s they began focusing on the DIY customer and has grown significantly since then. Today Advance Auto Parts operates over 5,000 branded stores and employs over 71,000 team members.