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ADVANCE AUTO PARTS – MONROEVILLE, AL 1471 S Highway 21 Byp 7,000 SF Retail Building Monroeville, AL 36460 $1,253,347 CAD ($179.05 CAD/SF) 8.25% Cap Rate
Investment Highlights
- STRONG HISTORICAL OCCUPANCY: 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)
- Operating 4,297 stores primarily in the U.S. with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands
- STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place - $10.63 psf
- CORPORATE GUARANTEED LEASE: Advance Auto Parts, Inc. (NYSE: AAP | S&P BB Credit Rating | Moody’s Ba3 Rating)
- SEASONED SALES LOCATION: Successfully open & operating since 1995 and currently in their 5th renewal option with an ATTRACTIVE 7.04% Rent to Sales Rat
- 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1995
Price
$1,253,347 CAD
Price Per SF
$179.05 CAD
Cap Rate
8.25%
NOI
$103,380 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 End
-
- Retailer
- -
- -
- -
Advance Auto Parts began in 1932 and grew into an automotive aftermarket parts provider serving professional installers and do-it-yourself customers. The company offers parts, accessories, and related shopping support through retail stores, Carquest-branded independent locations, and digital channels that support maintenance, repair, and performance needs. Advance Auto Parts maintains a broad North American market presence, with stores primarily in the United States and additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26010140000370010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $184,674 CAD |
Property Taxes
Parcel Number
26010140000370010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$184,674 CAD
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ADVANCE AUTO PARTS – MONROEVILLE, AL | 1471 S Highway 21 Byp
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