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3639 Harrison AveButte, MT 59701
Advanced Auto Parts | Butte, MT | 6% Cap
Asset ClassRetail
Cap Rate6%
Advanced Auto Parts | Butte, MT | 6% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of an Advance Auto Parts in Butte, MT. Advance Auto Parts recently extended their lease for an additional 10 years and has six (6) - five (5) year options. The Asset is located on the main thoroughfare (22,200 VPD) in Butte.

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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: BBB-

OPERATING HISTORY WITH RECENT EXTENSION

  • Tenant has been operating at this location for nearly 13 years
  • Tenant recently signed a 10 year extension, showing commitment to the site
  • Currently operating as Carquest store due to good recognition in market

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

FRONTING MAIN RETAIL CORRIDOR

  • Subject site fronts Harrison Ave (22.2K VPD)
  • Over 1MSF of retail space is located in a 1-mile radius boasting a 0.7% vacancy rate (Nearby Retailers: Walmart Supercenter, Staples, Hwy 55, Goodwill, Buffalo Wild Wings, and Subway)
  • Over 16K SF of absorption YoY with over

ACCESSIBLE LOCATION

  • Right in and right out on Harrison Avenue with cross access through the adjacent shopping center, with a dedicated turn lane into the shopping center

SYNERGIES WITH NEARBY AUTO USERS

  • Synergies with nearby auto users help drive tenant sales
  • Three auto dealers in the immediate area (GM of Butte, Butte Dodge, Butte Subaru, and Denny Menholt Ford)
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3639 Harrison AveButte, MT 59701

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Listing provided by Revere CRE