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-
Long Operating History with Recent Extensions
- Tenant has been operating at this location for nearly 14 years
- Tenant recently signed a 10 year extension, showing commitment to the site
Rare Abs. NNN Lease Structure
- 10 Year Abs. NNN Lease
- Six (6) - five (5) year options
- Zero LL responsibility
- Tenant is paying below market rent which allows for a healthier rent-to-sales ratio
Nearby Market Drivers
- Over 474K SF of retail space is located in a 1-mile radius (nearby retailers include: Food Lion, Hardee’s, Pizza Hut, and Walgreens)
- Down the road from Canton Middle School (420 students) and Pisgah High School (927 Students)
Accessible Location
- Located off of Park St (17K VPD) with full access into the site
- Less than a half-mile to historic downtown Canton