Advance Auto Parts

1260 Jennings Station Road, St. Louis, MO 63137

$1,181,000

Cap Rate 7.25%

Views: 1585 DOM: 120 Updated: 11.08.24 Posted: 08.23.24 Status: Active

Summary

Price $1,181,000	Built/Renov 1998	Tenant Advance Auto Parts
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 8,000	Lease Start 01-21-2010	#Units 5,105
Price/SF $147.63	Expiration 08-31-2033	Tenant Type Automotive
NOI $85,626	R. Term 8.8	Ownership Fee Simple
Rent/SF $10.70	Increases 10.0%/5/yrs	Pop 5Mi 192,126
Lot/AC 1.00	Options 4/5yrs/10%	AHHI 5Mi $50,895

Lease Highlights

Advance Auto Parts has been operating in this location for 14 years
The tenant has 8+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Advance Auto Parts is strategically located at the signalized, hard corner intersection of Jennings Station Road and Lewis & Clark Blvd, with access to a combined daily traffic count of 36,100 vehicles. The property is surrounded by well-known national tenants, including McDonald's, Walgreens, Bank of America, Dollar Tree, and more. It is also conveniently situated less than 3 miles from the...

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Key Features

Signalized intersection
In location for years
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

Advance Auto Parts Wikipedia Advance Auto Parts Wikipedia St. Louis, Missouri Zip Code 63137 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Advance Auto Parts
Guarantor:Corp T and Rated
Company:Advance Stores Co, Inc
# Units:5,105
Tenant S&P: BB+
Moody’s: Baa3
Stock: NYSE: AAP

About Tenant

Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider that serves both professional installers and do-it-yourself (DIY) customers. Advance is a publicly traded...

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Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
25983 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26085 Views
119 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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