Advance Auto Parts
Retail | 8.25% CAP | 8,065 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 5420 McClellan Boulevard, Anniston, AL 36206. The site consists of roughly 8,065 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Advance Auto Parts is subject to a Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $74,400 and has scheduled increases of 13.4% in the next option period.
Investment highlights
Recession Resistant Business Due to Non Discretionary Nature of Services | The average age of the US vehicle fleet continues to increase leading to a greater need for repairs & maintenance. Auto parts are essential for keeping older cars running making demand less sensitive to economic downturns. Additionally, consumers often postpone buying new cars during downturns which increases demands for auto parts to maintain existing vehicles.
Extremely Long Operating History | Advance Auto Parts has been at this location since 1993. Advance Auto Parts has continued to extend their lease showing their commitment to this location, most recently exercising a 5-year renewal option early.
Strong National Tenancy in the Immediate Area | The property sits in a dense retail corridor, filled with name brand, premier national tenants. The site is located directly adjacent to a Walmart Supercenter, which includes an outparceled McDonald's as well. Additionally, there is a Domino's, Subway, Tractor Supply, and Lowe's all within a one mile radius of the site which drives traffic to the immediate area.
Corporate Guarantee from Advance Stores Company Inc. | The lease is backed by a strong corporate guarantee from Advance Stores Company, Inc., the operating entity of Advance Auto Parts. This corporate credit enhances the stability of the investment, ensuring reliable income backed by one of the nation’s leading automotive aftermarket parts providers.
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