Investment Overview

Marcus and Millichap's Brown Retail Group has been exclusively selected to market for sale the Advance Auto Parts store located in affluent the Seattle-Tacoma MSA submarket, Auburn, WA. The Lease features 7 years of term remaining from the original 15-year term. The Property, built in 2016 with high-quality finishes and featuring a 15-year roof warranty, operates on a NN lease, with minimal landlord responsibilities (roof, structure, parking lot). It benefits from being directly on Auburn Way (20,000+ VPD) and close proximity to Auburn's automotive district including national brands such as Honda, Hyundai, Auburn, Mitsubishi, GMC, Toyota, Les Schwab, Service King Collision, and Caliber Collision. The Property features large pylon signage and easy ingress/egress from both traffic directions. Within a 5-mile radius, there are over 268,000 residents with average household incomes exceeding $95,000; the population has grown over 26% since 2010; and the population is projected to increase by another 2% in the next 5 years. Within a 1-mile radius, the population has grown by more than 42% since 2010. Advance Auto Parts is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As one of the largest auto part retailers in the United States, Advance Auto operates over 4,700 Advance Stores, over 300 Worldpac branches, and services to over 1,300 independently owned Carquest branded stores.