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1209 E Main StRock Hill, SC 29730
Advanced Auto Parts | Rock Hill, SC | 6.25% Cap
Asset ClassRetail
Cap Rate6.25%
Advanced Auto Parts | Rock Hill, SC | 6.25% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of an Advance Auto Parts in Rock Hill, SC. Advance Auto Parts recently extended their lease for an additional 10 years and has six (6) - five (5) year options. The Asset is well positioned near hundreds of homes and other auto users.

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Investment Highlights

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 15 yearsTenant recently signed a 10 year extension, showing commitment to the site

RARE ABS. NNN LEASE STRUCTURE W/ LOW RENT

  • 10 Year Abs. NNN Lease | Six (6) - five (5) year options
  • Zero LL responsibilities
  • Tenant is paying below market rent which allows for a healthier rent-to-sales ratio

LOCATED IN AUTO DRIVEN COMMERCIAL NODE

  • Over 1.3MSF of retail and industrial space is located in a 1mile radius (Nearby Retailers: Food Lion, McDonald’s, Walgreens, Dollar
  • General, Bojangles )
  • Strong synergies with surrounding auto-shops

ACCESSIBLE LOCATION

  • Located off of E. Main St (27.4K VPD) and Albright Rd (18.3K VPD ) intersection
  • 1.4 miles to I-77 (76.4K VPD) and 1.3 miles to down town Rock Hill
  • Over 2.5K homes are located in a 1-mile radius
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1209 E Main StRock Hill, SC 29730

Sales Team

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Listing provided by Revere CRE