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Net Lease Advance Auto Parts

Net Lease Advance Auto Parts Property Profile and Cap Rates

Date February 17, 2017

Net Lease Advance Auto Parts – Typical Property and Lease Terms

 

Price Range:$1mm - $2mm
Cap Rate:6.00%
Net Income:$125,000
Price Per foot:$200-$300 PSF
Building Size:7,500 SF
Lot Size:1 Ac
Escalations:7.5% in each option
Lease Term:15 Years
Lease Type:NN
Credit Rating:BBB- (S&P)

 

Tenant Company Information:

Advance Auto Parts, Inc., through its subsidiaries, provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It offers automotive parts, including alternators, batteries, belts and hoses, brakes and brake pads, chassis parts, climate control parts, clutches, driveshafts, engines and engine parts, ignition parts, lighting products, radiators, starters, spark plugs and wires, steering and alignment parts, transmissions, water pumps, and windshield wiper blades; and accessories, such as air fresheners, automotive paints, anti-theft devices, emergency road kits, floor mats, ice scrapers, mirrors, seat and steering wheel covers, and vent shades.

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