27791 S Tamiami Trl Bonita Springs, FL 34134

This automotive retail property is strategically positioned on South Tamiami Trail, which experiences over 30,000 vehicles per day. The property is located within a 5-mile radius that has a population of 88,644 residents, with each household averaging an income of $117,776. The property is subject to a corporate guaranteed lease with over 4 years remaining. The lease is backed by Advance Auto Parts, a company with an investment grade credit rating of BBB- from S&P and Baa2 from Moody’s, and $11.3 billion in annual sales for 2023. Advance Auto Parts is a premier leader in the automotive aftermarket parts industry with over 4,700 stores in operation. Founded in 1932, Advance Auto Parts employs over 65,000 people nationwide and is a publicly traded entity on the New York Stock Exchange (NYSE: AAP). The property is 6,880 square feet. The on-demand need for parts by local shops and DIY mechanics combined with the high shipping costs for batteries and other parts make the retail automotive parts sector an e-commerce proof and recession proof essential business.