Auto Parts
Advanced Auto Parts
1260 Jennings Station Rd, St. Louis, MO 63137
Listing Price: $1,181,000
Investment Overview
Marcus & Millichap is pleased to present for sale Advanced Auto Parts in St. Louis, MO. 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. As of April 20, 2024, AAP operated 4,777 company-operated stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands.
Sitting on the western bank of the Mississippi River, St. Louis is the second-largest city in the state of Missouri. With a rich history and deep cultural roots that span over four centuries of U.S. history, the city continues to grow, evolve, and innovate. The Greater St. Louis metropolitan statistical area is the 20th largest in the country, and home to more than 2.8 million residents along with the headquarters of ten Fortune 500 companies: Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Centene, Graybar Electric, and Edward Jones Investments.
Advanced Auto Parts
Investment Highlights
- 9 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by Advance Auto Parts
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 192,126 Residents within a 5-Mile Radius in Dense St. Louis Trade Area
- Signalized Hard Corner Location Visible to 36,000+ Cars per Day at the Intersection of Lewis and Clark Boulevard and Jennings Station Road
- Surrounded by National Tenants: McDonald's, Walgreens, Dollar Tree, and More
- Easily Accessible Location, Less Than 3 Miles Off the I-70 and I-270 Freeways
- Located within 15 Minutes of Downtown St. Louis and St. Louis Lambert International Airport
Listing Price: $1,181,000
Investment Highlights
- 9 Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty by Advance Auto Parts
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 192,126 Residents within a 5-Mile Radius in Dense St. Louis Trade Area
- Signalized Hard Corner Location Visible to 36,000+ Cars per Day at the Intersection of Lewis and Clark Boulevard and Jennings Station Road
- Surrounded by National Tenants: McDonald's, Walgreens, Dollar Tree, and More
- Easily Accessible Location, Less Than 3 Miles Off the I-70 and I-270 Freeways
- Located within 15 Minutes of Downtown St. Louis and St. Louis Lambert International Airport
Investment Overview
Marcus & Millichap is pleased to present for sale Advanced Auto Parts in St. Louis, MO. 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. As of April 20, 2024, AAP operated 4,777 company-operated stores and 320 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. Sitting on the western bank of the Mississippi River, St. Louis is the second-largest city in the state of Missouri. With a rich history and deep cultural roots that span over four centuries of U.S. history, the city continues to grow, evolve, and innovate. The Greater St. Louis metropolitan statistical area is the 20th largest in the country, and home to more than 2.8 million residents along with the headquarters of ten Fortune 500 companies: Express Scripts, Emerson Electric, Monsanto, Reinsurance Group of America, Centene, Graybar Electric, and Edward Jones Investments.
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