Advance Auto Parts - Brandenburg, KY
Advance Auto Parts | 7.75% CAP Rate | Corporate Guarantor | NN Lease
Marketing description
7,000 SF Advance Auto Parts located at 1265 Old Ekron Rd in Brandenburg, KY. This deal includes 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, providing for a secured 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, Brandenburg features a demographic profile hosting 6,346 residents with an average household income of $86,919.
A premier leader in the automotive aftermarket parts industry with over 4,300 stores in operation.
Founded in 1932, Advance Auto Parts employs over 62,000 people nationwide.
A 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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