Auto Parts
Advance Auto Parts
1114 W North Carolina 54, Durham, NC 27707
Listing Price: $2,671,500
Investment Overview
Advance Auto Parts (NYSE: AAP), headquartered in Raleigh, North Carolina, is the largest automotive aftermarket parts provider in North America, serving both the professional installer and do-it-yourself customers. Durham is a city in and the county seat of Durham County, North Carolina. A principal city of the Raleigh-Durham-Chapel Hill metro, the city is also part of the Research Triangle region.
Advance Auto Parts
Investment Highlights
- Over Five Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
- Five Percent Rental Increases Occurring in Each Renewal Option Period
- 142,771 Residents Within a Five-Mile Radius - Raleigh / Durham MSA
- Growing Durham Trade Area - Households and Population Projected to Increase Roughly Nine Percent Within a Three-Mile Radius by 2027
- Signalized Hard Corner Location Visible to 26,500 Cars per Day
- Average Household Income Exceeds $129,000 in the Immediate Area
- Highly Desirable Location near University of North Carolina at Chapel Hill and Research Triangle Park Trade Area
- Dense Retail Corridor Location - Major Tenants Include Food Lion, Ace Hardware, Harris Teeter, Burger King, Dunkin', CVS, and KFC
Listing Price: $2,671,500
Investment Highlights
- Over Five Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
- Five Percent Rental Increases Occurring in Each Renewal Option Period
- 142,771 Residents Within a Five-Mile Radius - Raleigh / Durham MSA
- Growing Durham Trade Area - Households and Population Projected to Increase Roughly Nine Percent Within a Three-Mile Radius by 2027
- Signalized Hard Corner Location Visible to 26,500 Cars per Day
- Average Household Income Exceeds $129,000 in the Immediate Area
- Highly Desirable Location near University of North Carolina at Chapel Hill and Research Triangle Park Trade Area
- Dense Retail Corridor Location - Major Tenants Include Food Lion, Ace Hardware, Harris Teeter, Burger King, Dunkin', CVS, and KFC
Investment Overview
Advance Auto Parts (NYSE: AAP), headquartered in Raleigh, North Carolina, is the largest automotive aftermarket parts provider in North America, serving both the professional installer and do-it-yourself customers. Durham is a city in and the county seat of Durham County, North Carolina. A principal city of the Raleigh-Durham-Chapel Hill metro, the city is also part of the Research Triangle region.
