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Auto Parts

Advance Auto Parts

1114 W North Carolina 54, Durham, NC 27707

Listing Price: $2,671,500

Cap Rate
6.10%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.2
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$381.64
Lease Type
Double Net
Rent Per Square Feet
$23.28

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.

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

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Auto Parts

Advance Auto Parts

Listing Price: $2,671,500

Cap Rate
6.10%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
5.2
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$381.64
Lease Type
Double Net
Rent Per Square Feet
$23.28

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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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