Advance Auto Parts | Low Rent - Low Term | Bonifay, FL
$5.50 Rent/SF | 1.5 Years Term Remaining
Marketing description
STNL.com is pleased to present this Fee Simple Single Tenant Advance Auto Parts located in Bonifay, FL. Three reasons to own this property include:
1. Replaceable Rent : Advance Auto is paying $5.50 rent per square foot making this rate well below market. It is the second lowest rent per square foot out of all the Advance Auto Parts on the market, with approximately 1.5 years remaining on the lease; there is a near term opportunity to renegotiate the lease.
2. Opportunity Zone: Subject lies in Holmes County, which has been designated as a Qualified Opportunity Zone. This designation provides investors with potential tax advantages, including step ups in basis for qualifying hold periods. Additionally, investments held for more than ten years may qualify for an exemption from capital gains tax upon disposition.
3. Recession-Resistant Tenant: Advance Auto Parts (NYSE: AAP) continues to gain momentum through its restructuring strategy, reporting positive EPS of $1.13 in 2025 — its first profitable year since 2022. The automotive aftermarket industry has historically remained resilient during economic downturns. With the average vehicle age in the U.S. reaching 12.9 years, alongside continued growth in miles driven and overall vehicle fleet size, Advance Auto Parts is positioning themselves for sustained long-term demand and operational stability.
Investment highlights
Replaceable Rent: Advance Auto is paying $5.50 rent per square foot.
Opportunity Zone: This designation provides investors with potential tax advantages, including step ups in basis for qualifying hold periods.
Recession-Resistant Tenant: The automotive aftermarket industry has historically remained resilient during economic downturns.
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