Advance Auto Parts
Lowest Cap Rate
4%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.85%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Advance Auto Parts is a leading automotive aftermarket parts provider in the US. Net lease assets occupied by Advance Auto Parts generally trade between $1.25M - $2M. Advance Auto Parts stores typically range from 6,000 to 7,500 square feet on 0.75 - 1.25 acres. 15-year NN leases are usual (although can vary between 5 and 15 years), under which a landlord is responsible for maintenance of roof and structure (versus NNN basis with no responsibilities), the difference between a NN and NNN lease is usually offset by rent escalations.
Property & Lease
Average Sale Price$1,250,000 - $2,000,000
Average NOI$90,000 - $140,000
Building SF6,000 - 7,500
Lease Term15 Years
EscalationsVaries
Stock SymbolNYSE:AAP
Credit Rating
S&PBBB-
Moody'sBaa2
Cap Rate By Region
6.45
6.33
6.89
5.8
5.56
4.88
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Durham, NC7.04%
Jackson, TN7.95%
Tullahoma, TN6.69%
Top Consumer Traffic
Fairfax Station, VA78,400
Fairview, NJ76,400
Danbury, CT69,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data