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32759371
32759384

4559 Hartley Bridge Rd, Macon, GA 31216

JB
TX 688810
Matthews
Listed by Matthews
$1,670,345
18 days on market
Updated 18 days ago

Advance Auto | NNN Lease | All Brick Construction

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,000
Cap Rate 7.25%
NOI $121,100
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+2)
Lease Type NNN
Lease Expiration 12/31/2033
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2009
Acreage 0.750
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/14/2009
Ground Lease No
Ownership Fee Simple

Long Term Lease Extension | 92,000 Vehicle Daily

Marketing description

Advance Auto Parts, Inc. is a leading automotive aftermarket parts retailer with a nationwide presence serving both professional installers and do-it-yourself consumers. As one of the largest operators in the auto parts retail segment, the company benefits from strong brand recognition, a diversified customer base, and a long operating history dating back to the early 20th century. Its scale, established supply chain, and dual-channel retail strategy position it as a key participant in a resilient industry driven by ongoing vehicle maintenance needs.

Founded in 1932 and headquartered in Raleigh, North Carolina, Advance Auto Parts is a publicly traded company listed on the New York Stock Exchange under the ticker AAP. The company operates approximately 4,300-4,800 locations across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands, including both corporate stores and independently operated locations. Advance Auto Parts employs over 62,000 individuals and maintains a significant footprint through its Advance Auto Parts and Carquest brands. The company is generally rated below investment grade, with an approximate S&P credit rating of BB+ (non-investment grade), and does not maintain a widely published Moody's rating.

Investment highlights

  • 2009 build-to-suit construction for Advance Auto Parts
  • All red brick construction prototype
  • Long term lease extension, proving the tenants commitment to the location and market
  • Located just off I-75 with traffic counts at the intersection exceed 92,000 vehicles daily
  • 5-Mile population of 37,847 residents
  • ± 7.75-Years remaining on a recently extended lease
  • Corporately guaranteed lease
  • Advance Auto Parts (NYSE: AAP) is one of the nation's largest automotive aftermarket parts providers, serving both professional installers and do-it yourself customers.
  • Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
  • Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.

Listing Contacts

JB
TX 688810
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,100.00
$10,091.67/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Maxx Bauman
License
451849
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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