Advance Auto Parts

Long-Term, Recently Extended Lease: Advance Auto Parts executed a new 10-year lease extension through 2036, with continuous operation at the site since 2005, demonstrating strong unit performance and long-term commitment.
Corporate Credit Tenant: Advance Auto Parts (NYSE: AAP | S&P: BB+) is a nationally recognized automotive aftermarket retailer with a large, diversified store base and proven operating history.
Attractive NN Lease Structure: NN lease with 9.5% rent increases every five years through the option periods, providing predictable income growth and limited landlord responsibility.
Prime Retail Corridor Location: Prominent frontage along Bemiss Road (±22,150 VPD) serves as a primary ingress/egress route into Valdosta. Benefiting from strong regional drivers including Valdosta State University, healthcare, and expanding industrial investment along the I-75 corridor, supporting consistent traffic and employment.
Established Retail Node: Located within a dense retail corridor anchored by Walmart and Publix, with surrounding national QSR users including McDonald’s, Waffle House, Taco Bell, Wendy’s, and Sonic, reinforcing long-term traffic, visibility, and tenant demand.

Navigation Menu