Advance Auto Parts – Charlotte, NC

Advance Auto Parts
10025 Albemarle Road - Charlotte, NC 28227-3438

Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,874 SF Advance Auto Parts Located at 10025 Albemarle Rd in Charlotte, NC. This Deal Includes a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody’s, and $9.1 Billion in Annual Sales For 2024, Providing For a Secure Investment.

  • The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody’s, and $9.1 Billion in Annual Sales For 2024
  • Within a 3-Mile Radius, Charlotte Features a Demographic Profile Hosting 59,490 Residents With an Average Household Income of $86,230
  • Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
  • Founded in 1932, Advance Auto Parts Employs Over 62,000 People Nationwide
  • Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
  • The On-Demand Need For Parts By Local Shops and DIY Mechanics, Combined With the High Shipping Costs For Batteries and Other Parts, Makes the Retail Automotive Parts Sector an E-Commerce-Proof and Recession-Proof Essential Business

 

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021

Advance Auto Parts
10025 Albemarle Road - Charlotte, NC 28227-3438

ADVANCE AUTO PARTS,
INC. Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest-branded stores across these locations in addition to Mexico and various Caribbean islands.

Price

$1,892,901

Cap Rate

6.75%

PREMISES

6,874 SF

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

12/31/2030

Lease Type

NN

RENTAL INCREASES

7% at Options

BROKERS

List with SIG

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