Lease This is an opportunity to purchase a low price point value-add deal with significantly low under market rent. Advance Auto has been at this location for 26 years and recently extended their third of four renewal options. This means they only have one option remaining and 9 years of control left of this site. RENT IS ONLY $6.14 PER SF. Landlord has all the leverage. This offers opportunity for a new longer term lease at market rents or redevelopment of the site. Either way, the basis is low. This is an ideal value-add "covered land" type of asset. Property The subject 11,990 SF building hosts an Advance Auto HUB store, which means it serves the inventory storage/delivery needs of the majority of their stores within at least 30 miles away. This is a special store to them and a key component of their "hub and spoke" business model. The extra large lot size of 1.378 acres has plenty of parking and could possibly even be subdivided in the future. The property sits at the signalized corner of Bendix Drive and Lincoln Way West (Route 20) with excellent visibility and two easy points of ingress/egress. There are a combined 29,631 vehicles passing the property daily. It is located only a mile from the South Bend airport and only 3.6 miles from the University of Notre Dame. This is THE best corner in the local market, out-positioning both O'Reilly and AutoZone. Trade Area South Bend is located less than 2 hours east of Chicago and just south of the Michigan border. The city is the 4th largest in Indiana with a population of over 100,000 people. It is part of the South Bend-Mishawaka MSA with over 324,000 people. The South Bend International Airport is the 2nd largest in Indiana with over 1 million passengers annually. This college town is home to at least nine higher learning institutions, most notably the University of Notre Dame (13,000+ students). This is a very stable and secure market to invest into.