List of NNN Lease Tenants

Advance Auto Parts

Advance Auto Parts, Inc. through its subsidiaries, operates as a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items. It operates in two segments: Advance Auto Parts (AAP), and Autopart International (AI). The AAP segment operates stores that offer brandname and private-label automotive products. This segment also provides battery and wiper installation, battery charging, “check engine” light reading, electrical system testing, video clinics, loaner tool programs and oil and battery recycling services. In addition, AAP sells products online. The AI segment operates stores that offer replacement parts for domestic and imported cars and light trucks. AI serves customers in the Northeastern, Mid- Atlantic and Southeastern regions of the United States as well as warehouse distributors and jobbers across North America. The company was founded in 1932 and is based in Roanoke, Virginia. In January of 2014, Advance Auto Parts, Inc. completed the $2B acquisition of General Parts International, which was the leading privately held distributor and supplier of original equipment and aftermarket replacement product for commercial markets, operating under the CARQUEST and WORLDPAC brands. The acquisition added 1,233 CARQUEST Stores and 103 WorldPac locations to the existing Advance Auto Stores portfolio.

  • Ownership : Public
  • Credit Rating : BBB-
  • Ticker : NYSE:AAP
  • Sector : Automotive
  • Website :
  • Stores : 4,998 (incl. stores + branches as of April 2022)
  • Employees : 41,000 (FY 2021)
Financial Profile

(all numbers in thousands)

2021 2020 2019
Revenue 10,997,989 10,106,321 9,709,003
EBITDA 838,717 749,907 677,180
Assets 12,194,209 11,839,636 11,248,525
Debt 3,371,971 3,047,483 2,764,479