Advance Auto Parts SEC Woodmen Rd Local commercial 642 m² 100 % Loué À vendre Colorado Springs, CO 80927 4 087 502 € (6 365,38 €/m²) Taux de capitalisation 5,50 %

The Boulder Group is pleased to exclusively market for sale a single tenant brand-new construction Advance Auto Parts property in Colorado Springs, CO. The property is strategically positioned within a rapidly expanding and affluent corridor with 12.6% projected annual population growth within one mile. The immediate area boasts average annual household income of approximately $175,000 within a mile. Colorado Springs was recently ranked the #3 “Most Desirable Place to Live in the U.S.” by U.S. News. The Advance Auto Parts property is strategically located in an area with strong automotive synergies that includes several auto repair & maintenance shops, car washes, and gas stations.
The Advance Auto Parts features an extremely rare 20-year net lease. The corporate lease includes 10% rental increases every five years. Advance Auto Parts is a publicly traded company (NYSE: AAP) with a $2 billion market capitalization. The company recently announced their plans to open thirty new locations in 2025 and an additional 100 new stores by 2027.
The auto parts space is poised for success in the coming years as the current average age of a vehicle on the road in the U.S. is a record-high 12.6 years. This age is forecasted to increase in the coming years due to rising pricing of new vehicles.