Advanced Auto Parts - Kingsport, TN

Income Tax Free State

Recent Lease Extension - Advance Auto Parts has recently exercised their 4th renewal option, demonstrating their commitment to this site.

4+ Years Remaining - On the primary term including 2, 5-year options.

Corporate Guarantee - Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB).

Rent-to-Sales Ratio - 4.79% Rent-to-Sales ratio at this location providing further confidence in Advance Auto Parts’ commitment to the site.

Year-over-Year Sales Growth - Sales are up $110,000 from the previous reported year

NN Lease - Minimal Landlord responsibilities.

Excellent visibility along Lee Hwy - 34,000+ VPD along Lee Hwy.

Low Rent Per Square Foot - Advance Auto Parts is paying $9.26 Per SF at this location.

Positive Population Growth - Population within the 1, 3, & 5-mile trade areas has increased since 2020 and is projected to continue doing so.

Affluent Surrounding Incomes - Average Household Income is $95,903 within 1 mile of the property.