Advance Auto Parts NNN Automotive Asset Delaware Ohio

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Investment Offering

Tenant: Advance Auto Parts | Delaware, OH
Premises: 7,000 SF
Renewal Options: 2 x 5 Year Options

Lease Expiration: 07/31/2028
Lease Type: NNN
Rental Increases: 5% at Options

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts NNN Asset Located at 525 North Houk Road in Delaware, OH. This Deal Includes a Over 3-Years Remaining on a Corporate-Guaranteed Triple Net Lease That is also Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P and Baa2 From Moody’s, and $11.3 Billion in Annual Sales For 2023, Providing For a Secured Investment.

Over 3-Years Remaining on a Corporate-Guaranteed Lease
Situated in a Thriving Community With 107,195 Residents and an Average Household Income of $158,910 Within a 10-Mile Radius
Positioned Directly Off W Central Ave, With Daily Traffic Exceeding 15,000 Vehicles
The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P and Baa2 From Moody’s, and $11.3 Billion in Annual Sales For 2023
Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries and Other Parts Make the Retail Automotive Parts Sector an E-Commerce Proof and Recession Proof Essential Business
Located Near Popular National Brands Such as Kroger, Planet Fitness, Buffalo Wild Wings, CVS, Panera Bread, Burger King and McDonald’s

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker – Lic. #REC.2020005946 BOR: Scott Reid Lic. OH #BRKP.2020001224

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Tenant Overview

ADVANCE AUTO PARTS

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of April 20, 2024, Advance operated 4,777 stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,307 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Advance employs approximately 68,000 Team Members. Advance Auto Parts locations offer a variety of services and high-quality parts to help you get the job done right and get your vehicle back on the road. In many locations you can take advantage of enhanced e-commerce capabilities enabling you to browse and buy your parts online, and have them available for pickup in your nearby store within 30 minutes.

Area Overview