Average Sale and Lease Details
|Price Range 12mo avg:||$700K – $2.8M|
|$/sf 12mo avg:||$221|
|CAP Rate 12mo avg:||7.21%|
|Typical Lease Type:||NN|
|Building Size avg:||7,500 SF|
|Lot Size avg:||1.5+/- acres|
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.
Advance Auto Parts Financial Highlights
|S&P Credit Rating:||BBB-|
|Moody’s Credit Rating:||Baa2|
|Annual Revenue 2017:||$9.37B|
|Annual Revenue 2016:||$9.57B|
|Revenue Growth:||↓ 2.11% 2016|
|Units (Dec. 2017)||5189|
|Average Units Volume:||$1.80M|
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