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Advance Auto Parts 2110 Hilliard Rome Rd

6,751 SF Retail Building Hilliard, OH 43026 $2,346,300 CAD ($348 CAD/SF) 6.36% Cap Rate

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Investment Highlights

Recently-Extended Net Lease with Three, 5-Year Renewal Options | $2.00 PSF Increase in Option 1; $1.00 PSF Increases in Options Thereafter
8 Miles NW of downtown Columbus | Located Along Hilliard Rome Road (56,666 VPD) | One Mile North of I-70 (104,510 VPD)
4.4 MSF Retail, 1.4 MSF Office, 28.9 MSF Industrial & 11,439 Multifamily Units Within a 3-Mile Radius

Long Term Operating History of 16 Years
Outparcel to the Hilliard Station Shopping Center | Scramblers, Midas, KeyBank, Petland, Budget Car & Truck Rental, Ohio State Urgent Care, etc.
Columbus, OH MSA Advantage | MSA Population: 2.2M+

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 6,751-square-foot Advance Auto Parts situated on 0.97acres in Hilliard, Ohio — part of the Columbus, OH MSA (MSA Population: 2.2M+). Originally set to expire in 2022, Advance Auto Parts’ net lease has been extended twice, demonstrating its commitment to the location. Most recently, the lease was extended early for an additional 8 years through 2034 and now features ±10.0 years of term remaining with three 5-year renewal options. Rent increases $2.00 PSF in the first option and $1.00 PSF in options thereafter.