Advanced Auto Parts NNN Properties for Sale
Advanced Auto Parts NNN Properties for Sale, Are you looking to buy or sell a Advanced Auto Parts Ground Lease Property, Advanced Auto Parts NNN Lease, or Advanced Auto Parts for 1031 Exchange Property for passive investment? If you would like to buy or sell Net Lease Advanced Auto Parts Properties please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Type | Public |
|---|---|
| Industry | Auto Parts Retail |
| Founded | April 29, 1932 |
| Founder | Arthur Taubman |
| Headquarters | Raleigh, North Carolina, U.S. |
Number of locations | 4,912 Advance Stores, 150 Worldpac branches and serves 1,250 independently owned Carquest branded stores (as of July 13, 2019) |
Area served | United States Canada |
Key people | Jeffrey C. Smith Chair, Board of Directors Tom Greco (CEO, President) Jeff Shepherd (CFO) |
| Products | Replacement automotive parts & accessories |
| Revenue | US$10.11 Billion (2020)[1] |
| US$749.9 Million (2020)[2] | |
| US$493.02 Million (2020)[1] | |
| Total assets | US$11.84 Billion (2020)[1] |
| Total equity | US$3.763 Billion (2020)[1] |
| Owner | Institutional Owners[1] Vanguard Group Inc [2] (10.25%) BlackRock Fund Advisors [3] (5.18%) Barrow, Hanley, Mewhinney & Strauss [4] (4.47%) State Street Corp [5] (4.43%) Starboard Value LP [6] (4.36%) |
Number of employees | 68,000[3] (2020) |
| Subsidiaries |
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| Website | AdvanceAutoParts.com |
Advance Auto Parts – A Renowned Provider of Automotive Parts across North AmericaAdvance Auto Parts Inc. is one of the largest aftermarket automotive parts providers, not only in North America but also worldwide. It is capable of serving both do-it-yourself customers as well as professional installers. Currently, operating about 126 WorldPac branches, 5200 stores and independent branded stores in US, Canada and Puerto Rico, the company continues to work harder for creating a global presence.
It is meticulously searching for ideal properties on lease to open up new locations and create better employment opportunities for many. The profit earning company is worth investing in since it involves next to negligible risk for the investors to put their money in.
A financial overview
Registered with the name of AAP under NYSE (New York Stock Exchange), Advance Auto Parts Inc. is a public sector holding. According to the annual income analysis report of Wall Street Journal, although the company shows a 4.17% decrease in its net income growth, it is still a good option for investment with current net income accounting to about 471.75 Million US dollars till the end of 2015.
Sticking to same analysis, the Market Watch also reveals its overall sale of 9.74 billion US dollars in 2015 that accounts for 1.09% reduced revenue or sales growth. This adds to a gross income 4.42Billion US dollars. However, while talking about the profit ratios and margin, the company currently offers a gross margin of 45.4% as per the analysis of Wall Street Journal. In all, considering all the aspects of its capital market, its EBITDA is $1.15 Billion in the last fiscal year.
According to the list of World Biggest Public Companies issued by Forbes magazine, the company acquires the 1412 position in June 2014. The company also features at number 466 in the list of Fortune 500 companies.
The history behind its existence
April 1932, marks the establishment of Advance Auto Parts by Arthur Taubman who purchased the Advance stored from the Pep Boys, having two stores in Roanoke and a single store in Lynchburg at Virginia. Having its headquarters in Roanoke at Virginia, the company operates its 5200 stores with a strong support of over 74,000 employees estimated in the year 2015.
In the year 1998, a great turning point came in its expansion when it acquired the left over operations of renowned Western Auto. Adding to its continuous acquisitions, the company also acquired various auto parts leaders namely Carport Auto Parts and 671 Discount Auto Parts. This led to its significant presence in locations like Alabama, Louisiana, South Carolina, Florida, and Georgia. Moreover, with the completion of its merger, AAP became a public trading company in NYSE.
Later in 2002, the company continued to acquire the stores of 57 Trak Auto in Washington, Eastern Maryland, and northern Virginia. Furthermore, by the end of 2012, the company also acquired the CARQUEST franchise of BWP Distributors for New England region. Some of its other major subsidiaries include Autopart international, CARQUEST Auto parts, WorldPac.
Its functioning
Aiming at reaching the number 1 position in the automotive industry, the company is looking to open more and more stores. The interested individuals who want to start up their own business can give their properties on lease to AAP for 15 to 20 years that you can further extend to 20 and 40 years.
According to its corporate legal agreement, the company assures an increment of 10 percent after completion of every five or ten years with its capital rate ranging from 5.5% to 6.5%.
Advanced Auto Parts NNN Lease:
Net Lease Advanced Auto Parts/ Advanced Auto Parts Ground Lease property has a corporate guarantee and is the leading brand for Auto Parts. Advanced Auto Parts for 1031 Exchange and Net Lease Advanced Auto Parts properties are ideal for investors.