Advance Auto Parts

2020 build-to-suit construction for Advance Auto Parts
Advance Auto recently signed an early lease extension through 2035, proving their commitment to the location and market
±10.95-Years remaining on the base term of the lease
Advance Auto Parts is located adjacent to several national stores including Winn Dixie, Family Dollar, Wells Fargo, AutoZone, Walgreens and more.
5-Mile population of ±13,000 residents
Average household income of $76,459 annually
Traffic counts exceed ±23,447 vehicles daily
Three, 5-Year renewal options (14.5% increase in O1; 7.5% increase in O2&O3)
Advance Auto Parts is one of the nation’s largest automotive aftermarket parts.
Advance Stores Company, Incorporated (NYSE: AAP) guarantees the lease and is rated as investment-grade credit (S&P Rated: BBB-)
Advance Auto Parts is considered an essential business and has been consistent with staying open and paying rents on time throughout COVID-19

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