AEI Net Lease Portfolio III DST
Quality People. Quality Performance. Since 1970.
Total Offering: $13,354,000
Minimum investment: $100,000
- Initial distribution rate: 5.20%
- Weighted average remaining lease term: 12.91 years
- $50,000 for a cash investment
AEI Net Lease Portfolio III DST is a portfolio of five single tenant, net leased retail properties owned through a Delaware Statutory Trust (DST) and suitable for 1031 exchange or direct investment. This offering is for accredited investors only who are seeking stable, long-term income and tax deferral through a high-quality, fractional real estate investment.
Quality People & Performance Since 1970
The properties in this portfolio are located in five diversified markets across the United States.
Each property is leased to an industryleading corporate tenant under a long-term, full faith and credit net lease. The tenants operate in diverse industries including medical, farm and ranch retail, and auto parts and supplies.
Investment Overview
The properties in this portfolio are located in five diversified markets across the United States. Each property is leased to an industryleading corporate tenant under a long-term, full faith and credit net lease. The tenants operate in diverse industries including medical, farm and ranch retail, and auto partsand supplies.
Investment Strategy
- Debt-free: With no mortgage debt, properties are not subject to the risks of debt servicing, refinancing, or foreclosue.
- Long Term Net leases: Tenants pay for most or all expenses, such as: taxes, insurance and maintenance, which helps to create income stability for the property owners.
- Creditworthy tenants: Leases are a company-wide obligation of the corporate tenants.
- Rental increases: When present in a lease, rental escalators can serve to increase income over time.
- Location: Major corporate tenants typically occupy quality commercial locations.
- Diversification: Owning properties in multiple industries and markets helps to create a diversified portfolio.
Advance Auto Parts
About the Tenant
Advance Auto Parts, Inc., (NYSE: AAP) was founded in 1929 and is one of the largest U.S. specialty retailers of automotive parts, accessories and maintenance items. Advance Auto Parts, Inc., operates 5,261 stores and 111 distribution branches under the Advance Auto Parts and Advance Discount Auto Parts names in 49 states. It also operates stores under the Western Auto and Advance Auto Parts names in Puerto Rico and the Virgin Islands. In addition, Advance Auto Parts, Inc., operates stores under the Autopart International trade name. The January 2014 purchase of General Parts International added 1,248 Carquest stores and 105 Worldpac branches in 45 states and Canada. Advance Auto Parts, Inc., is a holding company which conducts all of its business operations through the tenant, Advance Stores Company, Inc., and its subsidiaries.
Location Information
Location: 610 Arlington Rd., Brookville, OH
Brookville, Ohio, is located 15 miles northwest of downtown Dayton, Ohio, and is included in the Dayton Metropolitan Statistical Area. With a central location, low cost of living and thriving hightech industries, the Dayton region offers globally competitive industry strengths in aerospace research and development, human sciences and healthcare, information technology, advanced materials and advanced manufacturing. The area is also home to the largest single-site employer in Ohio: Wright- Patterson Air Force Base.
This property is located one-half mile from Interstate 70 within the city limits of Brookville. Nearby commercial users include a 600,000 square-foot Payless Shoes distribution center, Holiday Inn Express, McDonald’s, Rite Aid, Boose Chevrolet and numerous other restaurants and retailers.
Location: 420 West Trenton Ave., Findlay, OH
Findlay, Ohio, is the county seat of Hancock County and is located 45 miles south of downtown Toledo. Seventeen Fortune 500 companies have significant operations located in the Findlay/ Hancock County region, including two that are headquartered in the area: Marathon Petroleum Company LLC and Cooper Tire and Rubber Company.
This property is located off of West Trenton Avenue in central Findlay, just east of Interstate 75. Other commercial users in the area include Walmart, Holiday Inn Express, McDonald’s, Hampton Inn, Taco Bell, Hilton Inn and numerous other restaurants and retailers. The University of Findlay, named “Best Midwestern College” by the Princeton Review, is located directly to the southeast of the property.
ABOUT AEI
Founded in 1970, AEI is one of America’s oldest sponsors of net lease real estate investment programs and a leader in the TIC- 1031 exchange industry. AEI is a national source of high quality, commercial real estate for property owners engaged in 1031 tax-deferred property exchanges. AEI has specialized in developing, evaluating and purchasing these types of properties for more than 35 years and offers a portfolio of name-brand, net leased commercial retail properties.
Why come to AEI for your TIC or 1031 properties?
Exceptional service. If this is your first 1031 property exchange or TIC purchase, we make every effort to ensure that you fully understand the transaction. Our experienced professionals are available to assist you at each step.
Stability and quality. AEI offers quality, single tenant properties – freestanding real estate occupied by creditworthy corporate tenants under long-term net leases.
Acquisition expertise. AEI has performed institutional-grade due diligence on every property we own. Acquiring property from AEI can reduce this time-consuming, labor-intensive aspect of your property selection process and provide a higher level of expertise than you may be able to provide yourself.
Post-purchase services. After your property purchase is complete, AEI can provide the following services:
- Accounting and distribution of rental income
- Year-end 1099 forms for tax reporting
- Assisting with any management concerns you may have about your property
- Monitoring lease compliance, tax and insurance payments, and property maintenance by the tenant