Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, corporate signed, Advance Auto Parts investment property located in Braselton, GA. The tenant, Advance Stores Company, Inc., recently signed a brand new 20-year lease with 3 (5-year) option periods to extend, demonstrating their long-term commitment to the site while also operating as the immediate area’s hub store. The lease features 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity, and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1932, Advance Auto Parts is among the leading automotive aftermarket part retailers with over 4,700 operating stores.

Advance Auto Parts is strategically located along State Highway 53 with clear visibility and access to an average of 22,100 vehicles passing by daily. The asset benefits from direct access onto Interstate 85 (74,500 VPD), providing direct access into Downtown Atlanta and connecting the MSA. State Highway 53 serves as the primary retail corridor with numerous tenants including Dairy Queen, Dunkin’, Popeyes, McDonald’s, Moonshiners Bar & Grill, and others. The strong national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area. The immediate trade area is also home to numerous industrial facilities including FedEx Ground, William-Sonoma, Carter’s Distribution Center, Amazon, Haverty’s Furniture, Safelite Auto, Uline, and others, significantly contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base for the site. The 5-mile trade area is supported by over 39,600 residents and 15,000 daytime employees, with an affluent average household income of $124,288.

---