Advance Auto Parts | Lexington, KY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,895 SF Advance Auto Parts NNN Located at 1600 E New Circle Rd in Lexington, Kentucky. This Deal Includes a Corporate Guaranteed Triple Net Lease With Over Four Years Remaining and 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, Providing For a Secured Investment.
- The Property Boasts a Corporate Guaranteed Lease With Over Four Years Remaining
- Situated on E New Circle Rd, a Major Thoroughfare With Over 23,000 Vehicles Passing Daily, Providing Excellent Visibility and Accessibility
- Less Than Five-Miles From the University of Kentucky, Which Enrolls Over 30,000 Students
- 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
- Nearby National Tenants Include Home Depot, Lowe’s, Kroger, Planet Fitness, Chick-fil-A, HomeGoods, Dairy Queen, Sonic, Panda Express, McDonald’s and IHOP, Ensuring Strong Commercial Synergy and Drawing Significant Customer Traffic to the Area
In Cooperation With ParaSell, Inc. , A Licensed Kentucky Broker – Lic. #260997 BoR: Scott Reid – Lic. KY #260934
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