Advanced Auto NNN Properties For Sale

Advanced Auto Parts Real Estate

Advance Auto Parts is a highly desirable in the eyes of investors, trading typically in the range of 1 to 2 million dollars. Although unusual, in a vacancy situation such lots have a broad range of reusability and can be easily repurposed. With a common 7000 square foot retail store size, Advance Auto Parts finds lot size between 3/4 and 1 1/4 acres to be preferable.

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With lease agreements varying from five to fifteen years, the most employed general Advance Auto Parts structuring tends to be the fifteen year NN term. While the difference between NN and NNN terms are usually covered by rental price increases, you will find landlord responsibilities are often non-existent on sites leased strictly by NNN terms. Typically, landlords are to maintain the structure for the life of the lease. With NN structuring, rental increase occurs during year eleven, while NNN is based on flat rental fee over life of the lease.

Pros

  • Lots may be repurposed
  • Leases are corporate backed

Cons

  • Flat renter’s fees with variable leasing structure
  • Roofing / structure landlord’s responsibility under NN terms

Tenant Description

As a leading after-market provider of automotive parts in North America, Advance Auto Parts is based out of Roanoke, VA and began operations in 1929. Serving the commercial industry, independent operators, and professional DITM (Do It for Me) as well as DIY (Do It Yourself) customers, they continue increasing retail store locations while expanding operational strategies for new growth. 

With 4102 stores, the majority of them consist of purely free-standing structures that range from 6000 to 8500 sq. ft., with an average building size of 7500 sq. ft. In fact, Advance Auto is actually comprised of Advance Auto Parts, Worldpac, and Carquest. Given the variety of branding, these retail locations have grown rapidly over the past 10 years, from 2872 locations in 2005 to 5135 inside the U.S.A. since 2015.

Advance Auto Parts offer a broad range of items in the automotive aftermarket parts industry, fulfilling the needs of domestic and imported vehicles for their customers. Future plans include the initiative to introduce new retail stores in heavily-populated locations as well as smaller rural areas to serve communities.

Storefront Example

NNN Advance Auto Parts

Sturgeon Bay, WI

$869,565

Located along Green Bay Road (15,700 VPD). ​Tenants […]

5.75%

8.9

N/a

Storefront Example

NNN Advance Auto Parts

Monongahela, PA

$1,659,686

Advance Auto Parts has over 4,900 locations and […]

5.75%

8.9

N/a

Storefront Example

NNN Advance Auto Parts

Memphis, TN

$857,140

Great Visibility Along Elvis Presley Blvd. Generating 30,010 […]

7.35%

4.3

N/a

Storefront Example

NNN Advance Auto Parts

Tomball, TX

$2,000,000

The 0.84-acre parcel is situated with prominent frontage […]

5.00%

10.8

N/a

Storefront Example

NNN Advance Auto Parts

Bixby, OK

$2,041,666

4+ Lease Years Remaining – 3, 5 Year […]

4.1

N/a

Storefront Example

NNN Advance Auto Parts

Conway, AR

$1,945,641

5+ Lease Years Remaining – 3, 5 Year […]

5.85%

5.7

N/a

Storefront Example

NNN Advance Auto Parts

Thompson's Station, TN

$2,700,000

​Strong operating history of 15 years at the […]

5.00%

10

N/a

Storefront Example

NNN Advance Auto Parts

Lorain, OH

$1,415,000

Signalized corner parcel at the intersection of Henderson […]

5.90%

10

N/a

Storefront Example

NNN Advance Auto Parts

Waterloo, IA

$980,000

Significant 11% Rent Bump in Next Option | […]

7.15%

4

N/a

Storefront Example

NNN Advance Auto Parts

Gulfport, MS

$3,566,000

10-Year Corporate Guaranteed Net Lease with Scheduled Rental […]

5.25%

10

N/a

Storefront Example

NNN Advance Auto Parts

Valley, AL

$1,093,750

Great Visibility Along 20th Avenue with Large Concrete […]

5.60%

10.5

N/a

Storefront Example

NNN Advance Auto Parts

Anniston, AL

$966,400

Tenant has been at this location for almost […]

6.75%

N/a

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