overview Key Statistics Credit Rating
BBB-
Market Cap
10.53B
# of Locations
± 5,200
Headquarters
Roanoke, VA
Cap Rate Comparison New Construction (15 years)
5.90%
10 Years Remaining
6.65%
5 Years Remaining
7.75%
Headquartered in Roanoke, Virginia, Advance Auto Parts, Inc., is the largest automotive aftermarket parts provider in North America, serving both the professional installer and do-it-yourself customers. Advance Auto Parts operates over 5,200 stores in all 50 states, over 127 Worldpac branches and serves approximately 1,250 independently owned CARQUEST branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada.
Current on Market Data ±201
Average Cap Rate
7.00%
Average Lease Term Remaining
± 8 years
Average Price
$1,551,834
Lowest Cap Rate
5.00%
Highest Cap Rate
10.00%
2015
2016
73
64
7.20%
6.70%
7 years
9 years
$1,481,535
$1,603,560
Transactions Average Cap Rate Average Term Remaining Average Price
Employing approximately 74,000 Team Members, the company works hard to create an environment of honesty, integrity, mutual trust, and dedication. These values have remained the same since Advance Auto Parts founding in 1929. Advance Auto Parts operates stores that primarily offer auto parts such as alternators, batteries, belts and hoses, chassis parts, clutches, engines and engine parts. 9%
C a p r at e c o r r e l at i o n 8%
C a p R at e
# of Properties
7%
6%
5%
4%
0
Recent Sales Comparables City
1.5
3
4.5
6
7.5
9
10.5
12
13.5
15
Years remaining on lease
State
Sales Price
Cap Rate
Mount Pleasant
SC
$2,557,460
5.75%
Thompsons Station
TN
$2,325,000
Spring
TX
Term Remaining
Year Built
Sale Date
15 years
2017
3/28/17
6.67%
4 years
2006
2/28/17
$1,463,000
6.75%
5 years
2007
2/22/17
Norcross
GA
$2,083,970
6.55%
10 years
1997
2/21/17
Petoskey
MI
$2,145,000
6.29%
7 years
2014
11/8/16
Bellingham
MA
$2,700,000
5.93%
7 years
2008
10/18/16
Albuquerque
NM
$2,427,242
5.63%
15 years
1965
3/14/16
Lakewood
CO
$2,200,000
5.40%
14 years
2016
1/26/16
Washington
MO
$1,450,000
7.30%
2 years
2004
1/19/16
IL
$1,512,000
6.25%
14 years
2015
11/16/15
Pontiac
typical Lease structure signed Rent
Typical Square Feet
NNN
$110,000
± 7,000 SF
Lease Term
Rent Increase
Average Sales
15 years
In options
$1,700,000
Lease Type
M AT T H E W S T M M AY 2 0 1 7 | 5 3