Lowest Cap Rate
4.44%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.65%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.31%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Advance Auto Parts is a leading automotive aftermarket parts provider in the US. Net lease assets occupied by Advance Auto Parts generally trade between $1.25M - $2M. Advance Auto Parts stores typically range from 6,000 to 7,500 square feet on 0.75 - 1.25 acres. 15-year NN leases are usual (although can vary between 5 and 15 years), under which a landlord is responsible for maintenance of roof and structure (versus NNN basis with no responsibilities), the difference between a NN and NNN lease is usually offset by rent escalations.
Property & Lease
Sales Price Range$1,250,000 - $2,000,000
NOI Range$90,000 - $140,000
Building SF6,000 - 7,500
Lease Term15 Years
EscalationsVaries
Stock SymbolNYSE:AAP
Credit Rating
S&PBB+
Moody'sBaa3
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.3
6.25
7.01
5.61
5.64
5.71
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Clarksville, TN7.25%
Waterloo, IA7.67%
Hilliard, OH6.71%
Top Consumer Traffic
Toms River, NJ247,000
Silver spring, MD205,800
Batavia, NY186,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
