Tenant: Advance Auto Parts Premises: 6,790 SF Renewal Options: 2 x 5 Years
Lease Expiration: 6/1/2021 Lease Type: NN Rental Increases: 10% At Each Option
Corporate Guarantee from Investment Grade Tenant (BBB-)
4 Years Remaining on NN Lease with 2 x 5 Year Options to Renew
Landlord is Responsible for Roof and Structure
Limited Competition – Nearest Auto Parts Retailer is More Than 10 Miles Away
Located Across the Street from Winn Dixie Anchored Center
Projected Population Growth of 6.95% Over the Next 5 Years
Located Off I-75 on Cortez Blvd with a Combined Traffic Count of Over 50,000+ VPD
Surrounding Retailers Include: Dollar General, Winn Dixie, Wendy’s, Cracker Barrel, Taco Bell, Dunkin’ Donuts, and Burger King
Headquartered in Roanoke, Virigina, Advance Auto Parts, Inc. is the largest automotive aftermarket parts provider in North America serving both the professional installer and do-it-yourself customers. AAP was founded in 1932 and had 2015 sales of approximately $9.74 billion. Advance operates over 5,261 stores, over 111 Worldpac branches and serves approximately 1,325 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada.
Advance employs approximately 74,000 team members and works hard to create an environment of honesty, integrity, mutual trust and dedication. Since their founding by Arthur Taubman in 1932, these values haven’t changed.