Property History
Property Type
Property Type
Marketing Description
Beattyville is the county seat of Lee County, situated at the convergence of the three forks of the Kentucky River in the heart of Eastern Kentucky’s Appalachian foothills. As the civic and commercial center of Lee County, Beattyville draws retail traffic from a regional catchment area well beyond its own city limits.
Investors should assess this market with appropriate context. Beattyville is a small, rural community, and the demographics below reflect that honestly. What makes 909 Broadway Street a compelling acquisition is the strength, term, and structure of the lease — not local population growth. Advance Auto Parts executed a fresh 10-year extension here in February 2026, with full knowledge of the surrounding market. That decision is the most credible indicator of the location’s long-term viability.
Economy
Lee County’s workforce is primarily employed in healthcare, public administration, and essential retail. Vehicle ownership rates in rural Eastern Kentucky are among the highest in the state, supporting sustained demand for automotive parts and maintenance services across all economic cycles.
Advance Auto Parts is one of the largest and most trusted automotive aftermarket parts providers in the United States, serving both professional installers and do-it-yourself customers across a nationwide network of over 4,700 stores. Since its founding in Roanoke, Virginia, the company has grown into a Fortune 500 corporation synonymous with quality parts, accessories, batteries, and maintenance products for all vehicle types.
Today, Advance Auto Parts operates under Advance Auto Parts, Inc. (NYSE: AAP), headquartered in Raleigh, North Carolina. The company also supports 1,311 independently owned Carquest-branded stores and 316 Worldpac branches across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
From a leasing perspective, Advance Auto Parts represents the type of tenant net-lease investors seek. The company is publicly traded, financially transparent, and backed by the scale of a Fortune 500 corporation. Its store footprint in secondary and rural markets reflects a deliberate strategy to serve communities where vehicle ownership rates are high, vehicle age skews older, and demand for aftermarket parts is consistent and recurring.
Investment Highlights
- Long-Term Absolute Net Lease Structure:
- Absolute NNN Lease: Zero landlord responsibilities — the tenant is fully responsible for all taxes, insurance, maintenance,
- and repairs, including roof and structure.
- Long-Term Security: The lease extension, executed in February 2026, runs through April 30, 2037, providing over 11
- years of remaining term and an uninterrupted income stream.
- Built-In Rent Growth: Three five-year renewal options extend the lease through 2052. The First Option Period delivers a 10%
- rent increase, followed by additional escalations in subsequent options.
- Auto-Renewing Options: Each option period is self-executing unless the tenant provides 180 days’ written notice. The default
- position favors continued tenancy
- Corporate Guarantee from a National Retailer: » NYSE:
- AAP: Leased to Advance Stores Company, Inc., a wholly owned subsidiary of Advance Auto Parts, Inc. (NYSE: AAP) — a
- Fortune 500 corporation with over 4,700 stores nationwide.
- Demonstrated Site Commitment: Advance Auto Parts voluntarily extended its lease at this location for a fresh 10 years
- in February 2026 — a direct signal of continued commitment to the Beattyville trade area.
- Scaled Financial Platform: With approximately $11 billion in annual revenue, Advance Auto Parts has the institutional scale to stand behind its lease obligations reliably over the full term.
- Counter-Cyclical Demand: When conditions tighten, consumers repair rather than replace — driving consistent demand for automotive parts and making this sector one of retail’s most recession-resistant categories.
- Increases 10% Increase in Each Option
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
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Contacts
Listing removed on
BY:
Dalton Barnes PRO
•••.•••.1772
••lton@••••••.com
DBRECS, LLC
Listing removed on
BY:
Brian Brockman PRO
•••.•••.1551
•rian@••••••••••.com
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