SECOND AMENDMENT TO CREDIT AGREEMENT June 26, 2003

Exhibit 10.17

SECOND AMENDMENT TO CREDIT AGREEMENT
June 26, 2003

Capital Automotive L.P.
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Attention: Treasurer and General Counsel

Re: Second Amendment (“Second Amendment”) to the Capital Automotive L.P. Revolving Credit Agreement dated as of March 29, 2002 by and among the financial institutions from time to time signatory thereto (each a “Lender”, and collectively the “Lenders”), Comerica Bank, as Agent for the Lenders (in such capacity, “Agent”), Capital Automotive L.P. (“Company”) and the Co-Borrowers from time to time signatory thereto (collectively with the Company, the “Borrowers”), as amended by that certain First Amendment to Credit Agreement dated as of May 1, 2002 (as amended, the “Credit Agreement”)

Ladies and Gentlemen:

Reference is made to the Credit Agreement. Except as specifically defined to the contrary herein, capitalized terms used in this Second Amendment shall have the meanings given them in the Credit Agreement.

Based upon the Agent’s receipt of the approval of the requisite Lenders (in the form attached to this Second Amendment) and subject to the terms and conditions set forth in this Second Amendment, the Agent hereby confirms the agreement by the requisite Lenders to amend and restate paragraph (a) of the definition of “Borrowing Base Limitations” in Section 1 of the Credit Agreement as stated below:

“(a) The Borrowing Base shall not include the value of any Eligible Property that has been included in the Borrowing Base for more than 12 consecutive months from the first day of the calendar month covered by the initial Borrowing Base Certificate submitted hereunder in which such Property was included as an Eligible Property, if such initial Borrowing Base Certificate was a regular Borrowing Base Certificate submitted under Section 7.2 (c) hereof, and 12 consecutive months from the first day of the month immediately following the month during which the Eligible Property was first included by the Borrowers in a special Borrowing Base Certificate submitted under Section 2.3(a)(iv).”

Further, subject to the terms and conditions set forth in this Second Amendment, the Agent hereby also confirms the agreement by the requisite Lenders to delete the current Exhibit H to the Credit Agreement and insert an amended and restated Exhibit H in its place, such amended and restated Exhibit H to be in the form attached to this Second Amendment as Annex I.

Except as set forth above, this Second Amendment shall not be deemed to amend or alter in any respect the terms and conditions of the Credit Agreement, the Notes or any other Loan Document and shall not be deemed to be a waiver of or consent to any other matter.

By signing and returning a counterpart of this Second Amendment to the Agent, Company acknowledges its acceptance of the terms of this Second Amendment. This Second Amendment shall not become effective unless and until (i) this Second Amendment is countersigned by the Borrowers, the Agent and the requisite Lenders and such countersignatures are returned to the Agent, (ii) the Acknowledgement of Guarantor `attached hereto is executed and delivered by Guarantor to Agent, (iii) Agent shall have received certified copies of company or partnership resolutions or other authority documents confirming, as applicable, the due authorization, execution and delivery of the Second Amendment by each of the Borrowers and the Guarantor, (iv) Agent shall have received that certain Closing Certificate dated as of the date hereof, and (v) payment to each Lender of an amendment fee (the “Amendment Fee”) in an amount equal to twenty (20) basis points times such Lender’s applicable Percentage of the Revolving Credit Aggregate Commitment. Upon receipt of the requisite signatures, the Amendment Fee and satisfaction of the terms and conditions set forth herein, this Second Amendment shall be deemed to be effective as of June 26, 2003.


		Very truly yours,

		COMERICA BANK, as Agent and Lender

		By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇


		Its: First Vice President

ACKNOWLEDGMENTS


Acknowledged and agreed:	BORROWERS:

	CAPITAL AUTOMOTIVE L.P.

	By:	Capital Automotive REIT
	Its:	General Partner

	By:	/s/ ▇▇▇▇▇ ▇. ▇▇▇

	Its:	Senior Vice President and Chief Financial Officer


	CAR 1 MOM L.P., a Delaware limited partnership

		BY: CAR MOM INC., it general partner

		By: /s/ ▇▇▇▇▇ ▇. ▇▇▇

		Its: Senior Vice President and Chief Financial Officer


	CAR 2 MOM L.P., a Delaware limited partnership

		BY: CAR MOM INC., its general partner

		By: /s/ ▇▇▇▇▇ ▇. ▇▇▇

		Its: Senior Vice President and Chief Financial Officer


	CAR SON ▇▇▇▇ ▇.▇., a Delaware limited partnership

		BY: CAR MOM INC., its general partner

		By: /s/ ▇▇▇▇▇ ▇. ▇▇▇

		Its: Senior Vice President and Chief Financial Officer

Dated as of June 26, 2003