Advance Auto Parts | Sault Sainte Marie, MI
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts NN Asset Located at 3701 I-75 Business Spur in Sault Sainte Marie, MI. This Deal Includes Over 6 Years Remaining on a Corporate Guaranteed Lease and the Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential, Providing For a Secured Investment.
- Over 6 Years Remaining on a Corporate Guaranteed Lease
- 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
- Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
- 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
- Surrounded By Major National Retailers, Including Hobby Lobby, Walmart, Tractor Supply Co, Buffalo Wild Wings, Wendy’s, Arby’s and Burger King, Driving Consistent Traffic to the Area
IN COOPERATION WITH: Sands Investment Group Michigan, LLC-Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman Mi Lic. #6502424113
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