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ADVANCE AUTO PARTS – MONROEVILLE, AL 1471 S Highway 21 Byp 7,000 SF Retail Building Monroeville, AL 36460 $1,367,472 CAD ($195.35 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- NN LEASE: 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)!
- SEASONED SALES LOCATION: Successfully open & operating since 1995 and currently in their 5th renewal option
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a ±0.826-acre lot - across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center
- CORPORATE GUARANTEED LEASE: operating 4,297 stores primarily in the U.S.
- STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place - $10.63 psf
- 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1995
Price
$1,367,472 CAD
Price Per SF
$195.35 CAD
Cap Rate
7.50%
NOI
$102,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C - Commercial Business
Frontage
150’ on Alabama 21 Bypass
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Double Net
- Dec 2031
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Double Net | Dec 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26010140000370010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $183,148 CAD |
PROPERTY TAXES
Parcel Number
26010140000370010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$183,148 CAD
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ADVANCE AUTO PARTS – MONROEVILLE, AL | 1471 S Highway 21 Byp
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