Advance Auto Parts

• Attractive Entry Pricing – Offered at $642,000, this asset presents a competitively priced NN lease opportunity in the current market, providing investors a compelling entry point well below replacement cost with strong potential for long-term appreciation.
• Corporate-Guaranteed NN Lease – Advance Auto Parts (#4104) operates under a double-net lease structure with corporate guarantee, placing the majority of property expenses on the tenant and delivering investors a largely passive, management-free income stream.
• Nationally Recognized Auto Parts Retailer – Advance Auto Parts has long been a prominent player in the U.S. auto parts market, operating thousands of stores across North America and providing brand recognition and operational consistency that supports ongoing store performance.
• Internet-Resistant Tenant Category – Auto parts retailers benefit from immediate, in-person demand that insulates them from e-commerce disruption, making this asset class one of the more resilient retail categories in today’s evolving market landscape.
• 5 Years of Remaining Term – The existing lease provides near-term cash flow certainty, while the below-market price point positions a future investor or owner-user to capitalize on a potential lease renewal or re-tenanting at market rents given the property’s strong location fundamentals.
• Positioned Along Siler City’s Primary Commercial Corridor – Located on E. 11th Street (US-64), the primary commercial artery running through Siler City, the property benefits from extended operating hours seven days a week, serving a broad and consistent customer base.
• High-Visibility, Accessible Location – Situated along US-64 (E. 11th Street), the property benefits from strong daily traffic exposure and convenient ingress/egress, enhancing customer accessibility and reinforcing long-term tenant performance.
• Explosive Regional Economic Growth – Chatham County is experiencing a historic wave of growth, anchored by two transformative projects — Wolfspeed and VinFast — which together represent $9 billion in investments and 9,000 new jobs. Wolfspeed alone is building a 2.2-million-square-foot facility in Siler City expected to employ 1,800 people, driving significant population and workforce expansion directly in the subject property’s trade area.
• Growing Zip Code & Trade Area – The 27344 zip code has an estimated population of nearly 20,000 residents, growing from approximately 15,800 in 2000, reflecting sustained long-term demand for local retail services.
• Surrounding Demand Generators – The property is proximate to major demand drivers including Jordan-Matthews High School, Chatham Middle School, UNC Health Care Chatham Hospital, Walmart, and several national QSR brands, ensuring a built-in and recurring customer base.