Tenant Profiles

Advance Auto Parts

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02/29/2024 By B+E

Advance Auto Parts

advanceautoparts.com

39
Number on Market

$1.74M
Average Price

7.8
Average Remaining Term (Years)

6.40%
Average Cap Rate

Advance Auto Parts Tenant Overview

Advance Auto Parts is an American automotive parts retailer that was founded in 1932 and is headquartered in Raleigh, North Carolina. The company operates more than 4,687 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. It is the second-largest retailer of automotive parts and accessories in the United States, behind only AutoZone.

Advance Auto Parts is a valuable tenant for any retail property, as it attracts a wide range of customers with its high-quality products and services. The company provides automotive parts and services to both do-it-yourself customers and professional installers, making it a desirable tenant in the retail market. Advance Auto Parts’ commitment to customer service and its wide range of products make it a valuable addition to any retail property.

Tenant Data:

COMPANY	Advance Auto Parts
Ownership	Public
Headquarters	Roanoke, VA
Ticker	NYSE: AAP
Credit Rating	BBB- (S&P)
Annual Revenue	$11.15B (2022)
Locations (North America)	± 4,687
Regions	North America
Website	advanceautoparts.com

Average Advance Auto Parts Info
Number on Market	39
Average Price	$1,740,544
Average Remaining Term	7.8 Years
Average Cap Rate	6.40%
Average NOI	$108,125
Average PPSF	$225
Average Building SF	7,742 SF
Average Lot Size	0.93 AC
AS OF 02/01/2024