{"id":2949,"date":"2025-05-05T18:35:50","date_gmt":"2025-05-05T18:35:50","guid":{"rendered":"https:\/\/www.bouldergroup.com\/blog\/?p=2949"},"modified":"2025-05-05T18:35:50","modified_gmt":"2025-05-05T18:35:50","slug":"net-leased-advance-auto-parts-sold","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-leased-advance-auto-parts-sold\/","title":{"rendered":"Net Leased Advance Auto Parts Sold"},"content":{"rendered":"<p>The Boulder Group has completed the sale of a single tenant Advance Auto Parts located at 164 Temple Ave in Newnan, GA for $1,570,000. The Boulder Group\u2019s Brandon Wright and Zach Wright represented the seller in the transaction. The seller was a private Colorado-based investor and the purchaser was a Georgia-based family office in a 1031 exchange. The all-cash transaction quickly closed in only 24 days.<\/p>\n<p>The Advance Auto Parts property is located at the hard corner of a signalized intersection. The property is in an affluent area with average annual household income of $97,000 within a mile. The Advance Auto Parts property out-positions nearby competitors AutoZone and O\u2019Reilly Auto Parts. Newnan is located within the Atlanta MSA and approximately 35 miles southwest of Downtown Atlanta.<\/p>\n<p>Advance Auto Parts has a long operating history at this location and recently extended their lease early demonstrating commitment to this location. Advance Auto Parts is a publicly traded company (NYSE: AAP) with a $2B market capitalization.<\/p>\n<p>\u201cThe average age of a vehicle in the U.S. is currently a record-high 12.6 years old. The aging fleet of vehicles will continue to create strong demand for auto parts moving forward. As a result, many net lease investors continue to be bullish on the auto parts space and are acquiring well-located auto parts properties,\u201d stated Zach Wright, Vice President.<\/p>\n<p>\u201cNet lease properties with low overall rents and price points that are located in business-friendly states and growth markets are at the forefront of investor demand,\u201d said Brandon Wright, Associate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group has completed the sale of a single tenant Advance Auto Parts located at 164 Temple Ave in Newnan, GA for $1,570,000. The Boulder Group\u2019s Brandon Wright and Zach Wright represented the seller in the transaction. The seller was a private Colorado-based investor and the purchaser was a Georgia-based family office in a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[],"class_list":["post-2949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-sold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Net Leased Advance Auto Parts Sold - The Boulder Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bouldergroup.com\/blog\/net-leased-advance-auto-parts-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Leased Advance Auto Parts Sold - The Boulder Group\" \/>\n<meta property=\"og:description\" content=\"The Boulder Group has completed the sale of a single tenant Advance Auto Parts located at 164 Temple Ave in Newnan, GA for $1,570,000. 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