Tenant: Advance Auto Parts | San Antonio, TX
Premises: 6,486 SF
Renewal Options: 3 x 5 Years
Lease Expiration: 5/31/2027
Lease Type: NN
Rental Increases: 7.5% at Options
Sands Investment Group is pleased to present this net lease real estate investment located in San Antonio, Texas.
In Cooperation with Sands Investment Group Austin, LLC – Lic. # 9004706
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Headquartered in Roanoke, Virginia, 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.
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 202 stores along the Atlantic Seaboard. As of 2014, Autopart International still operates as a separate division within Advance Auto. Advance Auto Parts is now the largest automotive aftermarket retailer in the United States based on sales and store count. The company premiered on the Fortune 500 list of companies in 2003 at No. 466 and has remained on the list since that time. As of June 2014, it was ranked at No. 1,412 on the Forbes magazine “World’s Biggest Public Companies” list.
In 2013 AAP purchased General Parts Inc. including CARQUEST, CARQUEST Canada and WorldPac for $2.04 billion.