Investment Grade Credit Tenant – Corporate Guarantee – he property is leased by Advance Auto Parts, the largest automotive aftermarket parts provider in North America, and has a corporate guarantee from Advance Auto Parts Inc., which has an investment grade credit rating of BBB- by Standard & Poor’s.
Long Term Lease – The tenant has leased the building since 2005 and just signed a new 10-year lease extension, reflecting their commitment to the site.
Rent Growth – The lease features (4) 5-year options to renew with a 20% increase in Option 1 and 10% increases in the remaining options, providing an investor with a long-term income stream and a hedge against inflation.
Excellent Visibility, Signage – The property is ideally situated with frontage along Holcomb Bridge Rd providing excellent signage/visibility to 39,000 cars per day.
Home to Headquarters of Canon USA, Waffle House – Norcross is home to the south regional headquarters for Canon USA, Inc., a leading provider of digital imaging solutions; Waffle House, a restaurant chain primarily located in the South, with 2,100+ locations in the U.S.
Located Within Atlanta MSA – Norcross is only 25 minutes northeast of downtown Atlanta, the capital and most populous city in the state of Georgia, allowing it to draw an educated work force and large Fortune 500 companies while maintaining its ‘small town feel’.