Advance Auto Parts - Inez, KY
Advance Auto Parts | 8.75% CAP Rate | Corporate Guarantor | NN Lease
Marketing description
We are pleased to exclusively offer for sale the 6,000 SF Advance Auto Parts located at 50 Board Walk in Inez, KY. This offering features a lease 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, presenting a stable and reliable income-producing investment opportunity.
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, Inez features a demographic profile hosting 2,415 residents with an average household income of $69,428.
Premier leader in the automotive aftermarket parts industry with over 4,200 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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