Advance Auto Parts
Retail | 7.75% CAP | 6,157 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: AAP) Advance Auto Parts investment property located in Lincoln Park, MI (Detroit MSA). The tenant, Advance Auto Parts, Inc., has over 7-years remaining on its lease with 3 (5-year) options to extend. The lease features 7% rental increases at the beginning of each option period, providing a hedge against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Advance Auto Parts is a leading automotive parts provider with over 4,300 stores. The tenant has successfully operated at the location for more than 17-years.
Investment highlights
- The tenant, Advance Auto Parts, Inc., has over 7-years remaining on its lease with 3 (5-year) options to extend
- The lease features 7% rental increases at the beginning of each option period, providing a hedge against inflation
- Advance Auto Parts is a leading automotive parts provider with 4,300+ stores
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