Listed by Atlantic Capital Partners
$1,105,000
Advance Auto Parts | Petersburg, VA
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 8,075
Net Rentable (SqFt) 8,075
Cap Rate 8.25%
NOI $91,200
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 6
Rent Bumps Yes
Lease Options 1 x 5 Years
Broker Co-Op True
Year Built 1993
Acreage 0.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/27/1993
Ground Lease No
Ownership Fee Simple
8.25% CAP | Synergies with Nearby Auto Parts Stores
Investment highlights
LOW RENT, BITE SIZED DEAL
- 10 Year NN Lease with 6 years remaining
- one (1) - five year option with a rent increase of 16.6%
- Tenant is paying below market rent which allows for a healthier rent-to-sales ratio
CORPORATE GUARANTY FROM STRONG CREDIT TENANT
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P: BBB
POSITIONED IN A DENSE RETAIL NODE
- Within a 1-mile radius of the site there is more than 977K SF of retail space
- Nearby national retailers include: Ace Hardware, Walmart Supercenter, Roses Express, Ollies Bargain Outlet, Hibbett Sports, Cato Fashions, and more
SYNERGIES WITH LOCAL AUTO SHOPS
- Located directly beside the site is a Pep Boys Auto Service center as well as across the street is an O’Reilly Auto Parts
- According to placer.ai, the Pep boys next door is the top ranked Pep Boys in a 15 mile radius and the O’Reilly Auto Parts ranked in the top 83rd percentile in visits across all car shops and service centers in the country
LONG OPERATING HISTORY WITH RECENT EXTENSION
- Tenant has been operating at this location for over 30 years
- Tenant recently signed a 10 year extension, showing commitment to the site
BUSY COMMUTER CORRIDOR NORTH OF BON SECOURS MEDICAL CENTER
- Site is located off of busy Hwy 301 (21K VPD)
- This auto store is also only 0.6 miles west of busy I-95 (562K VPD)
- Advance Auto Parts is located one mile north of Bon Secours Southside Medical Center which has over 300 bed and employs more than 400 physicians
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,200.00
$7,600.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Commercial District
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View all 39 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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