1. Advance Auto Parts divesting 83 non-core sites across 38 states. 2. This move aligns with their growth strategy and enhances portfolio management. 3. Available properties offer attractive rental rates in prime retail areas. 4. Gordon Brothers will assist in maximizing asset disposition and value. 5. Advance operates over 4,297 stores, expanding their presence strategically.
FAQ
Why Bullish?
Divesting non-core assets suggests a strong focus on strategic growth, similar to trends seen in companies like AutoZone. Historically, firms that optimize their asset portfolios see improved valuation and market performance.
How important is it?
The article highlights a significant corporate strategy change for AAP, indicating potential future valuations and operational improvements. Divestitures often lead to more focused, efficient management and can positively influence investor sentiment.
Why Long Term?
The divestiture indicates a shift in strategy that will enhance operational efficiency over time, reflecting similar outcomes observed in prior strategic realignments in the retail sector.
Gordon Brothers Partners with Advance Auto Parts for Surplus Property Disposition
Boston, Dec. 08, 2025 (GLOBE NEWSWIRE) — Gordon Brothers, the renowned global asset experts, have been engaged by Advance Auto Parts (NYSE: AAP) to oversee the surplus disposition of 83 owned and leased properties across 38 states. This strategic move is part of Advance Auto Parts' commitment to optimizing its portfolio as it continues to drive growth in the competitive automotive aftermarket sector.
Strategic Focus on Non-Core Assets
Advance Auto Parts, a leader in the automotive aftermarket parts industry, is divesting these non-core assets to better align its resources and efforts toward future growth strategies. “We are excited to work with such a great partner and assist the exceptional in-house real estate team at Advance Auto Parts as they right size their portfolio for the future,” stated Michael Burden, Co-Head of North America Real Estate Services at Gordon Brothers.
Details of the Property Portfolio
The portfolio of available properties boasts excellent access to both established and emerging retail trade areas. Each site varies in size from 4,000 to 16,000 square feet, making them suitable for a wide range of retail uses.
- Locations across 38 states.
- Sizes ranging from 4,000 to 16,000 square feet.
- Leases include attractive rental rates and terms.
This presents a significant opportunity for growth-oriented retailers seeking to strategically expand their presence.
Contact Information for Interested Parties
Retailers interested in exploring these properties can obtain additional details and a comprehensive list of available locations by contacting Wally Egelanian at wegelanian@gordonbrothers.com.
About Gordon Brothers
Founded in 1903, Gordon Brothers has a long-standing reputation for maximizing liquidity and realizable asset value. The firm provides an array of services, including asset solutions, lending, financing, and trading, designed to help clients optimize asset values through various business cycles. With over 30 offices worldwide, Gordon Brothers has extensive expertise across various sectors, including retail, commercial, and industrial real estate.
About Advance Auto Parts
Advance Auto Parts, Inc. is a foremost automotive aftermarket parts provider, catering to professional installers and do-it-yourself customers alike. As of October 4, 2025, Advance operates 4,297 stores primarily throughout the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The Company also manages 814 independently owned Carquest branded stores, prominently present in Mexico and various Caribbean regions.
For more information on Advance, including job opportunities and online shopping for parts and accessories, visit www.AdvanceAutoParts.com.