Advance Auto Parts

16 Sunrise Bend Court, Braselton, Georgia 30517

$4,938,000

Cap Rate 5.00%

Views: 170 DOM: 370 Updated: 06.24.24 Posted: 11.29.23 Status: Active

Summary

Price $4,938,000	Built/Renov 2023	Tenant Advance Auto Parts
Cap Rate 5.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 11,981	Lease Start 10-12-2023	#Units 5,105
Price/SF $412.15	Expiration 10-31-2043	Tenant Type Automotive
NOI $246,875	R. Term 18.11	Ownership Fee Simple
Rent/SF $20.61	Increases 5.0%/4/yrs	Pop 5Mi 39,628
Lot/AC 1.52	Options 3/5yrs/5%	AHHI 5Mi $124,288

Lease Highlights

Brand-new 2023 construction
Advance Auto Parts recently signed a brand-new 20-year lease with 3 (5-year) options to extend
Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
Corporate guaranteed lease

Location Description

Advance Auto Parts is strategically located along State Highway 53, with clear visibility and access to 22,100 vehicles passing by daily. The property boasts direct entry onto Interstate 85, with a traffic count of 74,500 vehicles per day, offering access to Downtown Atlanta and connecting the MSA. State Highway 53 serves as the primary retail corridor with numerous tenants including Dairy...

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Key Features

Hard corner intersection
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee

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Links

Advance Auto Parts Wikipedia Advance Auto Parts Wikipedia Braselton, Georgia Zip Code 30517 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: Ba2
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,131	19,347	48,664
2023 Total Population :	1,932	13,737	39,628
2023 Employed Civilian Pop :	1,074	6,894	18,651
2023 Total Businesses :	97	464	878
2023 Average Household Income :	$ 97,462	$ 114,338	$ 124,288
2023 Total Consumer Spending :	$ 57 M	$ 472 M	$ 1456 M
2023 Median Age :	38	40	40
2023 Total Households :	681	4,781	13,677
2023 Pop Age 25+: Bachelor's Degree :	184	2,044	6,123
2023 Average Home Value :	$ 380,185	$ 345,400	$ 388,742

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	State Hwy53	2021	5,540	0.47 mi
I- 85	State Hwy53	2005	50,590	0.47 mi
	I- 85	2021	8,140	0.48 mi
	Pinecrest St	2019	5,350	0.54 mi
	State Hwy53	2021	8,660	0.55 mi
GA 53	Hoyt Holder Rd	2021	11,600	0.70 mi
GA 53	Zion Church Rd	2021	22,100	0.79 mi
New Cut Rd	Cedar Ridge Dr	2005	170	0.95 mi
I 85	Jesse Cronic Rd	2021	62,200	1.13 mi
I 59	Jesse Cronic Rd	2019	62,100	1.27 mi

Listing Broker

Michael Carter

SRS National Net Lease Group

Contact

36 Listings
4441 Views
3 Sold

Frank Rogers

SRS National Net Lease Group

Contact

37 Listings
4555 Views
3 Sold

Michael Carter

Michael Carter joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Michael joined SRS with seven years of retail investment sales experience. Prior to joining SRS, he served as senior director with his previous firm. Michael’s deep understanding of the net lease industry and constantly growing market knowledge has earned him several oppo

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Frank Rogers

Frank Rogers joined the National Net Lease Group as first vice president in the Detroit office in 2018. He specializes in the acquisition and disposition of single-tenant and multi-tenant net-leased investment properties. Frank joined SRS with more than five years of retail investment sales experience. At his previous firm, Frank was responsible for the management of his clients’ real estate portfolios across the nation, for which he advised them on the best course of action for their invest

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