Advance Auto Parts

Brand-New 20-Year Ground Lease: The property is secured by a new 20-year absolute NNN ground lease, providing long-term, passive income stability. The tenant is responsible for all taxes, insurance, and maintenance.
Attractive Rent Structure: Advance Auto Parts occupies approximately 6,912 SF on a one-acre parcel, equating to $15.90/SF—reflecting strong pricing supported by long-term lease security.
Creditworthy Corporate Tenant: The lease is backed by Advance Stores Company, Incorporated, a publicly traded Fortune 500 company (NASDAQ: AAP). The company has demonstrated strong performance, with its stock increasing approximately 50% over the past year and a current market capitalization of $3.5 billion.
Inflation-Resistant Income: The lease features built-in rental escalations of 10% every five years, including renewal options, offering a reliable hedge against inflation.
Prime, High-Traffic Location: Positioned at the signalized intersection of Hard Scrabble Rd and Lee Rd, the property benefits from excellent visibility and traffic counts of approximately 25,000 vehicles per day.
Robust National Co-Tenancy: The site is located directly across from Publix Super Market (Rice Creek Village) and a new Starbucks, with nearby national retailers including Valvoline, Mavis Tires & Brakes, Bank of America, Wendy’s, McDonald’s, and others.
Strong Demographics: The surrounding area supports a solid consumer base, with 61,673 residents and an average household income of $94,561 within a 3-mile radius. The population expands to 112,149 within 5 miles, indicating strong growth and continued demand.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Kyle Matthews