Advance Auto

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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.