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Advance Auto Parts - Laurel, MS 132 N 16th Ave 6,704 SF Retail Building Laurel, MS 39440 $1,731,024 CAD ($258.21 CAD/SF) 6.50% Cap Rate
Investment Highlights
- This investment features an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
- Advance Auto Parts (NYSE: AAP) is a leading automotive aftermarket provider that has seen a significant turnaround in early 2026.
- As an automotive parts provider, the tenant operates in a needs-based retail sector that historically performs well during economic downturns.
- Unlike many flat-rent automotive leases, this agreement includes a 10% rent increase scheduled for September 1, 2028.
- The subject property is strategically situated on N 16th Avenue, which sees over 30,770 VPD.
- Laurel is experiencing a major economic surge, highlighted by the $74.5 million expansion of poultry processor Amick Farms.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 6,704 SF Advance Auto Parts located at 132 N 16th Avenue in Laurel, MS. This investment features a rare Absolute Triple Net (NNN) Lease with Advance Auto Parts, providing a truly passive ownership structure with no landlord responsibilities, as the tenant is responsible for all operating expenses including taxes, insurance, and maintenance. Backed by a nationally recognized automotive retailer, this offering presents a stable, long-term net lease investment opportunity with secure income and minimal management requirements.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,704 SF
Building Class
C
Year Built
1998
Price
$1,731,024 CAD
Price Per SF
$258.21 CAD
Cap Rate
6.50%
NOI
$112,517 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.60 AC
Opportunity Zone
Yes
Frontage
200’ on 16TH AVE
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advance Auto Parts
- Retailer
- 6,704 SF
- $16.79 CAD
- Aug 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advance Auto Parts | Retailer | 6,704 SF | $16.79 CAD | Aug 2033 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 119C-01-06-005.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $86,207 CAD |
Property Taxes
Parcel Number
119C-01-06-005.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$86,207 CAD
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Advance Auto Parts - Laurel, MS | 132 N 16th Ave
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