This offering is a great opportunity for an investor looking for a low-management, net leased, credit tenant deal with strong intrinsic value. Advance Stores, Inc. (NYSE: AAP) has an investment grade credit rating S&P BBB-. The tenant recently signed an extension to the lease; demonstrating their commitment to the site. Very strong store sales with 11 years remaining on NN lease. The rent increases 10% in the option periods.
Confidential, please call or email to receive a confidentiality agreement.
Corporate Lease - Advance Auto Parts, Inc.
Tenant operates more than 3,300 locations
S&P Investment Grade Rating: BBB- (NYSE:AAP)
11 years remaining on NN lease
Great eastern US location