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An NNN Capital Company

Advance Auto Parts

Price

$650,602

Deal In 30 Seconds

Ryan Day

STNL Property Video

Price

$650,602

The Deal in 30 Seconds

Ryan Day

Deal Highlights

Strategic Location: Outparceled to Lowe’s on Franklin’s busiest road, with highway access, car-dependent demographics, and an automotive service cluster—driving steady, repeat traffic and long-term stability.

Replaceable Rent: With seven national tenants on Armory Drive paying between $72,000 and $185,000 annually, this property’s rent of just $53,637 stands well below market. This significant gap presents exceptional re-leasing upside while minimizing downside risk, making it one of the most attractive single-tenant net lease opportunities in the area.

Recession Proof Tenant: Advance Auto (NYSE: AAP) beat Q1 2025 expectations, reaffirmed above-estimate guidance, and is streamlining via a $1.5B division sale—strengthening its balance sheet. Shares are up 53% from recent lows, signaling renewed investor confidence and long-term potential.

8.25%

Cap Rate

NN

Lease Type

Term Remaining

1.5+ Years

$54,000

NOI

6,000 sqft

Bldg Size

0.64 Acres

Lot Size

1991

Year Built

$74,982

3 Mile HHI

9,420

3 Mile Pop

Landlord Responsibilities: Roof & Structure

Mark Thompson

Contact agent:

(689) NNN 9560

Ryan Day

Contact agent:

(689) NNN 9560

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Ryan Day

Main Agent Contact:

(689) NNN-9546

Mark Thompson

Additional Agent:

(689) NNN 9560

Advance Auto Parts

Price

$650,602

Deal In 30 Seconds

Ryan Day

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