Advance Auto Parts - Rocky Mount, NC
Advance Auto Parts | 7.50% CAP | Corporate Guarantee | Rocky Mount, NC
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 1917 Sunset Ave in Rocky Mount, NC. The lease is backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody’s, and $9.1 billion in annual sales for 2024, providing for a secure investment.
Investment highlights
The lease is backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody’s, and $9.1 billion in annual sales for 2024.
Within a 3-mile radius, Rocky Mount features a demographic profile hosting 37,496 residents with an average household income of $73,610.
Premier leader in the automotive aftermarket parts industry with over 4,700 stores in operation.
Founded in 1932, Advance Auto Parts employs over 62,000 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, makes the retail automotive parts sector an e-commerce-proof and recession-proof essential business.
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