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Advance Auto Parts - Grand Bay, AL 10175 Grand Bay Wilmer Rd S 7,000 SF Retail Building Grand Bay, AL 36541 $1,895,614 CAD ($270.80 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BB+ From S&P and Ba1 From Moody's
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,200 Stores in Operation
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- Within a 3-Mile Radius, Grand Bay Features a Demographic Profile Hosting 7,430 Residents With an Average Household Income of $82,482
- Founded in 1932, Advance Auto Parts Employs Over 69,000 People Nationwide
- The On-Demand Need For Parts By Local Shops and DIY Mechanics, Combined With the High Shipping Costs For Batteries and Other Parts
EXECUTIVE SUMMARY
BoR: Andrew Ackerman - Lic. AL #1089690
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 7,000 SF
- $20.51 CAD
- Double Net
- Aug 2030
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 7,000 SF | $20.51 CAD | Double Net | Aug 2030 |
PROPERTY TAXES
| Parcel Number | 36-07-36-3-000-007.001 | Improvements Assessment | $177,341 CAD |
| Land Assessment | $20,436 CAD | Total Assessment | $197,777 CAD |
PROPERTY TAXES
CONTACTS
-
Jake Mahon -
Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Sands Investment Group
Presented by
Advance Auto Parts - Grand Bay, AL | 10175 Grand Bay Wilmer Rd S
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