Advance Auto Parts

2044 Highway 155 - McDonough (Atlanta) GA 30252

LTV (Loan to Value)	65.00%	Current NOI	$133,456.00
Interest Rate	4.250%	Capital Rate	7.000%
Fixed Term	10 Years	Land Area	1.20 Acre
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,239,225.00	Property Type	Retail
Payment	$6,713.35	Property Lease	Auto Parts Store
Bulding Size	7,000 SF	Remaining Terms	6.9 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a 7,000 square-foot freestanding Advance Auto Parts property situated on 1.20 acres and located in McDonough, GA.Advance Auto Parts is operating under a fifteen (15) year double net (NN) lease with 5% increases in each of the three (3), five (5) year option periods. The property is strategically located in the market of McDonough, Georgia, situated to serve the tenant’s targeted demographic, with a population of 19,133 and an average household income of over $92,000 within a three (3) mile radius.The property is 100% leased to Advance Auto Parts which is currently headquartered in Roanoke, Virginia and was founded in 1932. As of December 28, 2013, the company employed approximately 74,000 employees. As of January 3, 2015, Advance Auto Parts, Inc. had total annual revenues of over $9.84 billion, a net income of $493.82 million, and a net worth in excess of $2.0 billion.

Highlights

Corporate Lease – Guaranteed by Advance Stores Company, Inc - an investment grade credit BBB-.Location – National retailers in the…

Property Description

Located just 30 minutes south of Atlanta and Hartsfield-Jackson International Airport, the City of McDonough is home to just over 23,000 residents. While maintaining its southern charm, the City of McDonough is a thriving, picturesque community that is the center for activities, art, and commerce for Henry County and the southern arc of Metro Atlanta.Atlanta is the capital and most populous city in Georgia with an estimated 2013 population of 447,841. Atlanta is the cultural and economic center of the Atlanta metropolitan area, home to 5,522,942 people and the ninth largest metro area in the country. The Atlanta metropolitan area is the eighth-largest economy in the country and 17th-largest in the world. The city ranks third in the number of Fortune 500 companies headquartered within city boundaries.