Advance Auto Parts - Bonita Springs, FL
Advance Auto Parts | Double Net (NN) | Bonita Springs, FL | 8.00% CAP
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,880 SF Advance Auto Parts located at 27791 South Tamiami Trail in Bonita Springs, FL. 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, long-term, 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.
Strategically positioned on South Tamiami Trail with over 57,000 vehicles per day.
Within a 1-mile radius, Bonita Springs features a demographic profile of 5,950 residents with an average household income of $125,806.
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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