San Antonio, FL - Advance Auto Parts

Description:

• The tenant just recently signed a brand new 20-year lease with 4 (5-year) options to extend
• The lease features 7% rental increases every 5 years, growing NOI and hedging against inflation
• As of April 25, 2026, Advance operated 4,308 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands
• This is a rare Advance Auto Parts ground lease opportunity, as very few AAP locations operate under a ground lease structure, demonstrating the tenant’s strong desire and commitment to this location

• Located across from the 965-acre Double Branch master-planned development (I-75 & SR 52) and the 330-acre Abbey Crossings mixed-use project (Article Link)
• Abbey Crossings: Walmart and Lowe’s leases executed and in permitting; construction scheduled to start Q1 2027. Additional national tenants include Panda Express, Panera Bread, Wawa, McDonald’s, Chipotle, Dunkin’, and others
• Double Branch is expected to create approximately 2,700 new jobs, establishing the I-75 and SR 52 interchange as a major economic gateway
• Situated within a dense node of major new residential developments and surrounded by 30,000+ existing and planned homes in the immediate trade area
• Advance Auto Parts will be located directly across from Abbey Crossings, a 330-acre master-planned mixed-use development featuring planned industrial, retail, multifamily, office, and commercial uses, along with a strong lineup of national retailers (Project Overview)
• Brand-new 20-year absolute NNN ground lease | 7% increases every 5 years | 4 (5-year) options
• Chipotle, Dunkin’, and Panera Bread parcels are also available for sale; please contact the listing agents for additional details

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Listing ID: a28TP000003V79xYAC