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 12 years remaining on NN lease. The rent increases 10% in the option periods.
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Corporate Lease - Advance Auto Parts, Inc.
Tenant operates more than 3,300 locations
Investment Grade S&P Rating: BBB- (NYSE:AAP)
12 Years Remaining on NN Lease