Advance Auto Parts
Excellent multiproperty guaranteed net income investment! Long term tenants with continued lease opt
Marketing description
Excellent NNN Investment Opportunity! Fronting Ft. Henry Drive in Kingsport, TN, this superbly located 6,972 sq ft property was constructed for Advance Auto Parts in 2000 and has been in continuous operation. Located within 1 mile of I-81, Exit 59 in the Colonial Heights area, the property is zoned B-3 with 19,110 square feet of paved parking on approximately .83 acre parcel. Advance Auto’s 4th 5-year option term executed and began January 1, 2026 and expires December 31, 2030. A 5th 5-year option term has been granted to tenant to begin January 1, 2031 and expire December 31, 2035 with rent increases each 5-year option. This store has proven successful as a long term solid tenant with no hesitation to continue operations at this location. See Investment Strategy document for full positioning, renewal outlook, and redevelopment potential by clicking the FLYER Tab.
Advance Auto Parts' core business is the retail and wholesale distribution of automotive aftermarket parts, accessories, batteries, and maintenance items for cars, light trucks, and heavy-duty vehicles. Operating primarily in the U.S. and Canada, the company uses a "blended-box" model, catering to both professional installers (Pro) and DIY customers through thousands of company-operated and Carquest-branded locations.
As of late 2025, the company operated over 4,000 stores.
Fronting busy Ft. Henry Drive, there are over 27,000 cars passing this location daily. Other business at this location include CVS Pharmacy and Eastman Credit Union with Verizon, Little Caesar's, Subway, UPS Store, barber shop and nail salon in adjacent Ft. Henry Square strip center. Fort Henry Drive is a major high-traffic commercial corridor running from I-81 into the city center passing Fort Henry Mall with excellent visibility and accessibility for commercial, retail, and service businesses. Other business at this location include CVS Pharmacy and Eastman Credit Union with Verizon, Little Caesar's, Subway, UPS Store, barber shop and nail salon in adjacent Ft. Henry Square strip center. Contact agent for further information and financials.
Investment highlights
Key aspects of their business include:
Customer Segmentation: Serving Do-It-Yourself (DIY) customers and professional repair shops.
Product Offerings: Supplying aftermarket replacement parts, including batteries, brakes, and motor oil.
Business Model: Operating as both a retailer and a supplier to independent, third-party stores.
Strategic Transformation: The company is currently optimizing its supply chain and reducing its retail footprint, focusing on improving efficiency and increasing "market hub" locations to enhance parts availability.
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