Advance Auto Parts - Sault Sainte Marie, MI
Advance Auto Parts | 8.00% CAP | 7,000 SF | Double Net (NN)
Marketing description
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 3701 I-75 Business Spur in Sault Sainte Marie, MI. This Deal Includes a Lease Which 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 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
Lease Includes a Significant 20% Rent Increase at the Beginning of the First Option Period, Enhancing Future Revenue Potential
Within a 3-Mile Radius, Sault Sainte Marie Features a Demographic Profile of 4,786 Residents With an Average Household Income of $94,878
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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