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Advance Auto Parts 1114 S Main St 13,650 SF Retail Building Maryville, MO 64468 $4,918,496 CAD ($360.33 CAD/SF) 8.75% Cap Rate



EXECUTIVE SUMMARY
Peranich Huffman Net Lease Group is pleased to exclusively present Advance Auto Parts (Walgreens Sublease), located at 1114 S Main
Street, Maryville, MO. This offering provides investors the opportunity to acquire a property backed by an absolute net corporate master
lease with Walgreen Co., and operated by national retailer Advance Auto Parts under a long-term sublease. The ±13,650 SF building is
positioned along Main Street, surrounded by Walmart, Hy-Vee, McDonald’s, Verizon, AT&T, and more, ensuring consistent consumer traffic.
The property is leased to Walgreen Co. under a long-term absolute net master lease expiring August 31, 2034, and is subleased to Advance Auto Parts for automotive retail use. The lease features an annual base rent of $312,334 ($22.88/SF), with (10) 5-year renewal options. The absolute NNN structure results in zero landlord responsibilities, with Walgreens carrying all expense and maintenance obligations while Advance Auto Parts operates the site under a long-term sublease. Advance Auto Parts, Inc. is one of the largest automotive aftermarket parts providers in North America, operating 4,800+ stores and serving both professionals and do-it-yourself customers. The company reported FY 2024 revenue of $9.1 billion and employs 68,000+ team members nationwide. Advance Auto Parts’ scale, brand recognition, and entrenched demand for automotive services, combined with Walgreens’ master-lease credit, provide investors with strong income security and a compelling risk-adjusted return profile.
Street, Maryville, MO. This offering provides investors the opportunity to acquire a property backed by an absolute net corporate master
lease with Walgreen Co., and operated by national retailer Advance Auto Parts under a long-term sublease. The ±13,650 SF building is
positioned along Main Street, surrounded by Walmart, Hy-Vee, McDonald’s, Verizon, AT&T, and more, ensuring consistent consumer traffic.
The property is leased to Walgreen Co. under a long-term absolute net master lease expiring August 31, 2034, and is subleased to Advance Auto Parts for automotive retail use. The lease features an annual base rent of $312,334 ($22.88/SF), with (10) 5-year renewal options. The absolute NNN structure results in zero landlord responsibilities, with Walgreens carrying all expense and maintenance obligations while Advance Auto Parts operates the site under a long-term sublease. Advance Auto Parts, Inc. is one of the largest automotive aftermarket parts providers in North America, operating 4,800+ stores and serving both professionals and do-it-yourself customers. The company reported FY 2024 revenue of $9.1 billion and employs 68,000+ team members nationwide. Advance Auto Parts’ scale, brand recognition, and entrenched demand for automotive services, combined with Walgreens’ master-lease credit, provide investors with strong income security and a compelling risk-adjusted return profile.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,650 SF
Building Class
B
Year Built
2009
Price
$4,918,496 CAD
Price Per SF
$360.33 CAD
Cap Rate
8.75%
NOI
$430,368 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
1.12 AC
Opportunity Zone
Yes
Parking
56 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
242’ on Main St
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
1 of 6
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Advance Auto Parts | 1114 S Main St
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