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Auto Parts

Advance Auto Parts | Recent Extension

65 River Rd, Mexico, ME 04257

Listing Price: $971,000

Cap Rate
7.15%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
6,934
Lease Type
Double Net
Rent Per Square Feet
$10.02

Investment Overview

LEASE
- 9-Years Remaining on Base Term
- $69,480 – NOI
- Two, 5-Year Options
- Limited Landlord Responsibilities

COMMITMENT TO SITE / OPERATING HISTORY
- Advance Auto Parts just exercised a 9-year extension, showing continued commitment to the site
- Advance Auto Parts has operated at this site for over 20 years!
- Per PlacerAI, this store ranks in the top 79th percentile for all Advance Auto Parts in Maine
- Zero internal competition, as this is the only Advance Auto Parts in town. The closest Advance Auto Parts is 30+ miles away
- Strong demographics, linear with tenant’s target customer base

ADVANCE AUTO PARTS
- 4,781 locations
- $11.3 Billion – 2023 Annual Revenue
- #392 on Fortune 500 list
- BB+ Credit Rating

Investment Highlights

  • LEASE - 9-Years Remaining on Base Term - $69,480 – NOI - Two, 5-Year Options - Limited Landlord Responsibilities
  • - Advance Auto Parts just exercised a 9-year extension, showing continued commitment to the site - Advance Auto Parts has operated at this site for over 20 years!
  • ADVANCE AUTO PARTS - 4,781 locations - $11.3 Billion – 2023 Annual Revenue - #392 on Fortune 500 list BB+ Credit Rating

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) ME: DB927980

    Maine

Financing By

Auto Parts

Advance Auto Parts | Recent Extension

Listing Price: $971,000

Cap Rate
7.15%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
6,934
Lease Type
Double Net
Rent Per Square Feet
$10.02

Investment Highlights

  • LEASE - 9-Years Remaining on Base Term - $69,480 – NOI - Two, 5-Year Options - Limited Landlord Responsibilities
  • - Advance Auto Parts just exercised a 9-year extension, showing continued commitment to the site - Advance Auto Parts has operated at this site for over 20 years!
  • ADVANCE AUTO PARTS - 4,781 locations - $11.3 Billion – 2023 Annual Revenue - #392 on Fortune 500 list BB+ Credit Rating

Investment Overview

LEASE - 9-Years Remaining on Base Term - $69,480 – NOI - Two, 5-Year Options - Limited Landlord Responsibilities COMMITMENT TO SITE / OPERATING HISTORY - Advance Auto Parts just exercised a 9-year extension, showing continued commitment to the site - Advance Auto Parts has operated at this site for over 20 years! - Per PlacerAI, this store ranks in the top 79th percentile for all Advance Auto Parts in Maine - Zero internal competition, as this is the only Advance Auto Parts in town. The closest Advance Auto Parts is 30+ miles away - Strong demographics, linear with tenant’s target customer base ADVANCE AUTO PARTS - 4,781 locations - $11.3 Billion – 2023 Annual Revenue - #392 on Fortune 500 list - BB+ Credit Rating

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): ME: DB927980

    Maine

Financing By

MM Texture Background
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