Advance Auto Parts | Opening Q1 2025

Highlights:

• Corporate Guaranty: The lease is backed by Advance Auto Part’s corporate entity, which holds an S&P credit rating of BBB-, which adds an extra layer of financial security and stability for investors.
• New Long-Term Lease: Upon the completion of construction, anticipated in February 2025, a brand-new 15-year corporate-guaranteed lease will begin, providing long-term stability for investors.
• Strong Demographics: Advance Auto Parts benefits from the strong demographics surrounding the location, with 243,303 people living in a 5-mile radius, with an average household income of $96,342.

Description:

Equity Retail Brokers is proud to present for sale an Advance Auto Parts in Lawrenceville, NJ. The property will feature a 15-year corporate-guaranteed lease. The building, originally built in 1971, is currently undergoing renovations, slated to open in February 2025. This NN lease offers limited landlord responsibilities and includes 10% rent escalations every five years throughout the initial term and renewal options.

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