Just Closed | Advance Auto Parts – Fort Stockton, TX

Net Leased Advance Auto Parts New Development

Fort Stockton, TX (June 8, 2017) –

A 13,625 square foot Net Leased Advance Auto Parts – Fort Stockton, TX sold for an undisclosed amount.

CLOSING HIGHLIGHTS

  • Long-term Advance Auto Parts
  • Large Footprint Relocation Site
  • Sold to Institutional Investor
  • Quick-close Contract

The Seller was represented by Brad Motley of KW Net Lease Advisors, a Texas based investment real estate brokerage & advisory firm, and the Buyers were unrepresented.

See more Sold Advance Auto Parts locations

 

About Advance Auto Parts

Advance Auto Parts (NYSE: AAP), headquartered in Roanoke, Va., Advance Auto Parts, Inc., the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it-yourself customers.

As of December, 2017 Advance now operates 5,183 company-operated stores, 105 Worldpac branches, and services approximately 1,400 independently owned Carquest branded stores in 49 states, Puerto Rico, the Virgin Islands and Canada.

Advance employs approximately 74,000 Team Members.

AAP’s strong financial profile allowed for an all-cash transaction for the acquisition of General Parts International, Inc. (GPII), a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands supports Advance’s commitment to maintaining its investment grade ratings. The transaction created the largest automotive aftermarket parts provider in North America, with annual sales of over $9.3 billion.

Notable Achievements 2008 – Present

  • 2008
    • Opened 109 new Advance stores and 18 new Autopart International Stores, bringing the total store count to 3,368.
  • 2009
    • Opened 75 new Advance stores and 32 new Autopart International Stores, bringing the total store count to 3420.
  • 2010
    • Opened 3500th store in Westerly, Rhode Island
    • Awarded full investment-grade status by Standard & Poor’s and Moody’s.
    • Secures third consecutive year of double-digit Commercial comparable store sales growth
  • 2011
    • Advance Auto Parts celebrates its 10th year as a public company
    • Acquired DriverSide and MotoLogic to enhance Advance’s eServices for Commercial Customers
  • 2012
    • Opened a new state-of-the-art distribution center in Remington, Indiana offering 20% more Skus and daily replenishment to local Advance Stores
    • Acquired 124 B.W.P. Distributors stores, enabling Advance Auto Parts to continue its expansion in the Northeast, which continues to be a strategic growth area for Advance.
  • 2013
    • Opened 4,000th store in Montgomery, NY. This new store is located in the Northeast, a key geographic growth area for Advance and part of the Company’s strategy to continue expanding its footprint.
    • Celebrated 20 year partnership with JDRF and $35 million dollars raised for diabetes research
    • Announced a definitive agreement to acquire General Parts International, Inc. (GPII), a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands, in an all-cash transaction with an enterprise value of $2.04 billion.
  • 2014
    • Announced the completion of the acquisition of General Parts International, Inc. (GPII). GPII was a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the CARQUEST and WORLDPAC brands.

 

http://advanceautoparts.com

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