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Advance Auto Parts NN Lease Structure Automotive Kentucky

Advance Auto Parts | Dry Ridge, KY
Investment Offering

Tenant: Advance Auto Parts | Dry Ridge, KY
Premises: 5,675 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 12/31/2024
Lease Type: NN
Rental Increases: Fixed Increases at Options


Sands Investment Group is pleased to present this Advance Auto Parts NN Lease structure located in Dry Ridge, Kentucky.

  • Brand New Lease Extension Showing Strong Commitment to the Site
  • Proven Location with Long Term Operating History in Excess of 20 Years
  • 6+ Years Remaining with Two (2) x Five (5) Year Options to Extend
  • Corporate Guaranteed Lease By Advance Auto Parts, Inc. (S&P: BBB-)
  • E-Commerce and Recession Proof Tenant
  • Demographics Well Suited for Advance Auto Parts “Do-It-Yourself” Business Model
  • NN Lease Structure with Minimal Landlord Responsibilities

In Cooperation with JDS Real Estate Services, Inc. Jennifer D. Stein – License #73339

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Tenant Overview
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.
Area Overview

Advance Auto Parts | Dry Ridge, KY

100 Brentwood Drive - Dry Ridge, KY 41035

$641,640

Cap Rate: 7.50%
Status: Contract

Advance Auto Parts | Dry Ridge, KY

John Kerr

424.228.1718
jkerr@SIGnnn.com

Jen Stein

213.446.5366
jstein@SIGnnn.com

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Our Intentions

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