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)