Property Highlights

• Advance Auto signed a brand new 15-year lease in 2020, confirming their commitment to the location and market
• RARE Absolute NNN lease for Advance Auto Parts
• Attractive 7.75% cap rate for a stabilized investment
• ±7.50-Years remaining on the base term of an initial 15-year lease
• ±19,000 Vehicles daily at the intersection of N Burnside Ave
• 5-Mile population of ±91,940 residents
• “Do it Yourself” demographics based on an average household income of $118,856 annually
• Gonzales is located in Ascension Parish in southeastern Louisiana, positioned between Baton Rouge and New Orleans, offering convenient access to major employment centers, regional retail, and industrial corridors
• Gonzales is situated approximately 25 miles south of Baton Rouge and 50 miles northwest of New Orleans, providing strong connectivity to both metropolitan areas via Interstate 10
• 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.