CORPORATE GUARANTY FROM STRONG CREDIT TENANT
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P: BBBLONG
OPERATING HISTORY WITH RECENT EXTENSION
- Tenant has been operating at this location for nearly 20 years
- Tenant recently signed a 10 year extension, showing commitment to the site
- Currently operating as Carquest store due to good reconition in market
- RARE ABS. NNN LEASE STRUCTURE
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibilities
LOCATED IN HEALTHY COMMERCIAL NODE
- Over 292K SF of retail space is located in a half-mile radius boasting a 0% vacancy rate
- Over 236K SF of Industrial Space in a halfmile
- radius boasting a 0.5% vacancy rate
- Nearby national tenants include: Sonic Drive-In, Price Choppers, Ace Hardware and Quick Trip
AFFLUENT TRADE AREA
- Average Household Income in a 1-mile radius exceeds $120K, providing high discretionary
- income for the immediate consumer base
KANSAS CITY MSA
- Kansas City accounts for 20% of the states total employment
- Over 2.1M people live in the MSA
- The Metro is expected to add nearly 70K+ people over the next 5 years