Download the Offering Memorandum for details about the tenant, lease, financials, and more.
Property Details
LONG TERM INVESTMENT Brand new 10 year NNN lease, commenced 9/1/2023
PASSIVE “SLEEP AT NIGHT” OPPORTUNITY Absolute net lease calls for zero landlord responsibilities, tenant is responsible for all expenses, including roof & structure
STRONG CORPORATE GUARANTEE Advance Auto Parts, holds a BB+ credit rating (S&P) and is backed by over 5,000 locations
MINIMAL COMPETITION The subject property is the only Advance Auto within a 50+ mile radius
RECESSION RESISTANT PRODUCT Auto part sales tend to do better in economic downturns, and was deemed an essential retailer during the pandemic
STRATEGICALLY LOCATED Sgt Prentiss Dr (Blues Hwy) is the area’s main retail corridor with 30,000 VPD passing by, neighboring tenants include Walmart, Dollar General, Wendy’s, and Sonic