Advance Auto Parts | Brooklyn, CT
Sands Investment Group is Pleased to Exclusively Offer for Sale the 7,000 SF Advance Auto Parts NNN Lease Located at 465 Providence Road in Brooklyn, Connecticut. This Deal Includes a 10% Rent Increase During Each Option Period With a Triple Net Lease That 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, Providing For a Secured Investment.
- 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
- Situated on Providence Rd, Which Experiences a High Traffic Volume of Over 15,000 VPD
- Brooklyn Boasts Strong Demographics With an Average Household Income Exceeding $80,000 Within a 5-Mile Radius
- The Lease Includes a 10% Rent Increase During Each Option Period
- 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
BoR: Andrew Ackerman – Lic. CT #REB.0792529
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