Commitment to Location: Advance Auto Parts recently demonstrated its dedication to this location by signing a 10-year lease extension, ensuring long-term stability.
Established Presence: Operating at this site since 1999, Advance Auto Parts boasts over 26 years of continuous service, reflecting its proven success in this community.
Well-Maintained Property: The building is in excellent condition, with significant recent upgrades including a roof replacement and parking lot restriping within the past year, ensuring minimal deferred maintenance.
High-Performing Store: Ranked in the 83rd percentile of Advance Auto Parts locations nationwide (per Alpha Maps), this store consistently delivers strong performance.
Tax-Free Advantage: Florida’s tax-free status makes it an ideal state for maximizing investment returns.
Prime Frontage on a High-Traffic Corridor: The property boasts 150 feet of frontage along Pace Boulevard, one of Pensacola’s busiest commercial corridors, ensuring excellent visibility and accessibility.
Dense and Growing Population: With over 134,000 residents within a 5-mile radius, the area provides a robust customer base and strong demand for retail services.
Established Public Company: Advance Auto Parts is a publicly traded company listed on the New York Stock Exchange (NYSE: AAP), offering transparency and financial stability to investors.
Strong Credit Ratings: As a credit-rated tenant, Advance Auto Parts holds a BB+ rating from S&P Global and a Baa3 rating from Moody’s, reflecting a stable and reliable financial standing.
Decades of Operational Excellence: With a rich history spanning 91 years and a network of over 4,777 locations, Advance Auto Parts is a proven leader in the automotive retail industry.