LOW RENT WITH EXTREMELY HEALTHY RENT-TO-SALES
- 10 Year NN Lease
- One (1) - five year option with a rent increase of 30.8%
- Minimal LL responsibilities
- Tenant is paying below market rent which allows for a 4.87% rent-to-sales ratio
CORPORATE GUARANTY FROM STRONG CREDIT TENANT
- Advance Auto Parts is a publicly traded company (NYSE: AAP) with a market cap. of $3.9B and annual revenue of $11.28B
- Credit Rating: S&P: BBB
POSITIONED IN A DENSE RETAIL NODE
- Within a 1-mile radius of the site is more than 784K SF of retail space
- Nearby national retailers include: Walmart, Tractor Supply Co., Shoe Show, Rent-A-Center, Food Lion, and more
SYNERGIES WILL LOCAL AUTO PARTS STORES - STRONG PLACER.AI REPORT
- This Advance Auto Parts store ranks in the top 71% of all auto parts stores in the state of North Carolina
LONG OPERATING HISTORY WITH RECENT EXTENSION
- Tenant has been operating at this location for over 30 years
- Tenant recently signed a 10 year extension, showing commitment to the site
NEARBY MARKET DRIVERS
- Located under 1 mile from the site is the Bladen County Hospital with over 48 beds and more than 50 employees
- Just 1.3 miles northwest of the site is the Specialty Product Technology factory which employs more than 250 people