201 Freedom Way Midway Park, NC 28544-1418

This 6,000 square foot auto parts retail building in Jacksonville, NC, presents a compelling investment opportunity. Currently 100% occupied by Advance Auto Parts, a publicly traded company (NYSE: AAP) with a strong credit rating (S&P Global: BB+, Moody's: Baa3), the property boasts a long operating history at this location since 1988. The lease, a Net Net (NN) single-tenancy agreement, has a remaining term of approximately 4.1 years, expiring December 31, 2028, with two, five-year lease options. The property features a strong rent-to-sales ratio of approximately 4% and a current NOI of $63,204, yielding a 7.50% cap rate. Recent improvements include a new roof and parking lot within the last five years. Its strategic location is outparceled to a 96% leased, approximately 150,000 square foot shopping center anchored by Food Lion, less than 10 miles from Camp Lejeune and under 20 miles from Onslow Beach. Alpha Maps data ranks this location in the 80th percentile nationally, indicating a prime retail location with below-market rents, presenting a significant value-add opportunity. The property's strong tenant, long lease history, and recent improvements make it an attractive investment with significant upside potential.