Investment Highlights

10-YEAR NET LEASE WITH SCHEDULED RENTAL INCREASES
» Advance Auto Parts operates over 6,500 stores in the U.S., Puerto Rico, the Virgin Islands, and Canada (NYSE: “AAP”)
» Advance Auto Parts has grown from 2,872 stores in 2005 to 6,500+ locations in 2021
» $10.1 billion generated in 2020 revenue
» 10-year net lease to investment grade tenant rated “BBB-” by S&P and “Baa2” by Moody’s
» 5.00% rental increases in option periods, providing an excellent hedge against inflation
» High-quality 2021 construction

STRATEGIC LOCATION IN GROWING GEORGIA SUBMARKET
» Located along Holly Springs Parkway, a major Woodstock retail corridor which experiences a traffic count of 19,100 vehicles per day
» Population of 141,240 within five miles of the property, providing a consistent customer base for the site
» Less than one mile from Interstate 575, a major north-south thoroughfare traversing the entirety of Woodstock and providing access to Atlanta (79,800 AADT)
» Average annual household income of $109,360 within one mile of the location
» 25 percent population increase within a five-mile radius of the site since 2010, with a 10 percent increase projected over the next five years

LOCATED NEAR LARGE RETAIL CENTERS AND COMMUNITY HUBS
» Shadow-anchored by Toonigh Village Shopping Center (Kroger-anchored)
» Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Costco, The Home Depot, Chick-fil-A, McDonald’s, Starbucks, and more
» Three miles from The Outlet Shoppes at Atlanta, a premier outlet shopping center featuring 100 nationally known brand name designer stores
» Gateway to Atlanta, the ninth-largest metropolitan area in the United States
» Excellent location in a major commuter corridor, with close proximity to several high-density single family developments

Property Description

SOLD

This Advance Auto Parts is located along Holly Springs Parkway, a major Woodstock retail corridor which experiences a traffic count of 19,100 vehicles per day. The site is also less than one mile from Interstate 575, a major north-south thoroughfare traversing the entirety of Woodstock and providing access to Atlanta (79,800 AADT). The property is located in a growing area with a population of 141,240 within five miles of the location, providing a consistent customer base for the property. The location benefits from its setting in a growing and affluent area, with a 25 percent population increase within a five-mile radius of the site since 2010, a 10 percent population increase projected over the next five years, and an average annual household income of $109,360 within one mile of the location.

Visibility is increased by the property’s central location near large retail centers and community hubs. The site is shadow-anchored by Toonigh Village Shopping Center, a Kroger-anchored shopping center that includes a Kroger Fuel Center, Jersey Mike’s Subs, and Papa John’s Pizza. The location is surrounded by a strong mix of local and national retailers, including Walmart Supercenter, Costco, The Home Depot, Chick-fil-A, McDonald’s, Starbucks, and many more. The property is also three miles from The Outlet Shoppes at Atlanta, a premier outlet shopping center featuring 100 nationally known brand name designer stores. Atlanta, the ninth-largest metropolitan area in the United States, and the site has an excellent location in a major commuter corridor, with close proximity to several high-density single family developments.