Advance Auto Parts

  • Brand New 10 Yr. Lease Extension by Advance Auto Parts (NYSE: AAP)
    $13.50B Market Cap
  • High Profile Outparcel PAD to Airport Plaza – Top’s Supermarket Anchored
    across from Delta Sonic
  • RARE Syracuse Retail NNN Asset – Economic & Educational Hub of Central New York
    5th Most Populous
  • Proven Location since 2005 – Just Extended Corp. Lease Early for 10 Years – Increasing Sales Annually
  • Located in Heart of Retail Trade Area along Hwy 11/Interstate 81
    Across from Syracuse Airport/Jr. High
  • Investment Grade (Baa2) Essential Retailer – Minimal LL Duties
    Small Bite Size Price Point- Best in Class
  • AAP is Leading Auto Aftermarket Parts Provider in the U.S. – 4,793+ Sites in North America/Caribbean

Advance Auto Parts

Investment Grade Credit Tenant – Advance Auto Parts
(Moody’s Rated “Baa2”, Outlook: Stable)
• Net Leased Investment – Minimal Landlord Responsibilities
(Roof & Structure Only)
• 6 Lease Years Remaining – 3, 5 Year Options
• Attractive Inflation Hedge – 19% Increase in Option 1 &
5% Increases Each Option Thereafter
• Heavily Trafficked Location with ~38,000 VPD at the Subject Property
• Dense Infill Location – 0.50 Acres of Land – 6 Miles from
Downtown Chicago, IL
• Nearby Major Retailers: ALDI, Target, Walgreens, Jewel-Osco,
Pete’s Fresh Market, McDonald’s, Bank of America
• NYSE: AAP – Total Revenue of $9.7B (2019) – Net Income of $486.8M (2019)
• One of the Nation’s Top Automotive Replacement Part & Accessories Retailer
• Strong Demographics – Over 308,632 Residents within a 3 Mile Radius
• Average Household Income of Over $57,700 within a 3 Mile Radius

Snyder Carlton National Net Lease Team
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