Advance Auto
Average Property & Lease Terms
Price $2.5m
Lease Type NN
Term 15 Years
Ownership Fee simple
Guarantor Corporate – no franchises
Building Size 7,000 sf
Lot Size +.80 acres
Increases Year 10 or flat until option periods
Options 3 five year
Corporate Overview
NYSE: AAP
S&P Rated: Investment Grade BBB- (understanding credit ratings)
Current Annual Revenue: $6.49 billion
Current Annual Net Income: $391.76 million
Number of Locations: 5,289
News Website: advanceautoparts.com
Advance Auto Parts, Inc. (Advance) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States. The Company serves both do-it-yourself (DIY) and do-it-for-me (commercial) customers. Its commercial customers consist of delivery customers for whom the Company delivers product from store locations to commercial customers’ places of business, including independent garages, service stations and auto dealers. As of July 12, 2014, the Company’s operations consisted of 5,289 stores and 106 distribution branches, which operate in the United States, Canada, Puerto Rico and the Virgin Islands primarily under the trade names Advance Auto Parts, Carquest, Autopart International and Worldpac. The locations offer a selection of brand name, original equipment manufacturer (OEM) and proprietary automotive replacement parts, accessories and maintenance items primarily for domestic and imported cars and light trucks.