Carquest Corporation is an American automotive parts distribution network that is currently owned and operated by Advance Auto Parts via independent retailers associated with the network. As of October 4, 2014 Advance operated 5,305 stores, 109 Worldpac branches, and served approximately 1,350 independently-owned Carquest branded stores in 49 states, Puerto Rico, the Virgin Islands and Canada. Advance Auto Parts and CARQUEST Auto Parts employs approximately 75,000 Team Members.

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Parent Company: Advance Auto Parts
Store Count: 5,305
S&P Rating: BBB-
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Tenant Overview

Through its parent Company, Advance Auto Parts, Carquest enjoys a number of competitive advantages and economies of scale. Managed via independent retailers associated with the network, special consideration must be given to the strength pf the inidvidual Franchisee


  • Nationwide presence with high brand recognition
  • Enjoys economies of scale through parent company
  • Typically Long term leases with increases


  • Competitive Industry Sector
  • Typically Franchised Locations
  • Faces pressures from E-Commerce & Online Retailers

Market Snapshots:

On Market Ranges:

# of Properties in set: 1

Price: $890,000 - $890,000Average: $890,000

PPSF: $59 - $59Average: $59

Year Built: 1970 - 1970Average: 1970

CAP Rate Range: 10.14% - 10.14%Average: 10.14%

Size range: 15,000 sq ft - 15,000 sq ft Average: 15,000 sq ft

Last 12 Month Range:

# of Properties in set: N/AV

Price: N/AV - N/AVAverage: N/AV

PPSF: N/AV - N/AVAverage: N/AV

Year Built: N/AV - N/AVAverage: N/AV

CAP Rate Range: N/AV - N/AVAverage: N/AV

Size range: N/AV - N/AV Average: N/AV


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