Log In/Sign Up
Your email has been sent.
Advance Auto Parts | Corp NN 737 N Brindlee Mountain Pky 7,000 SF Retail Building Arab, AL 35016 $899,340 CAD ($128.48 CAD/SF) 6.83% Cap Rate
Investment Highlights
- Corporate Lease | Recent Lease Extension | Below Market Rent
- Established Retail Corridor | Service-Oriented Retail Hub |Central Arab, AL Location
- NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Advance Auto Parts investment property located in Arab, Alabama. The tenant, Advance Stores Company, Incorporated, recently executed a lease extension through December 2028, demonstrating continued commitment to the location after more than 30 years of operating history at the site. The lease features two (5-year) options to extend with fixed rental increases at the beginning of each option period, providing continued NOI growth potential. The tenant is currently paying approximately $6.34/SF, below surrounding retail lease comparables within the trade area. The lease is structured as NN with limited landlord responsibilities, creating a low-management investment opportunity with defined ownership obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
1993
Price
$899,340 CAD
Price Per SF
$128.48 CAD
Cap Rate
6.83%
NOI
$61,432 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Zoning
GB - General Business District
Parking
58 Spaces (8.29 Spaces per 1,000 SF Leased)
Frontage
150’ on Brindlee Mountain Pky
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130623-2-000-018009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $242,522 CAD |
Property Taxes
Parcel Number
130623-2-000-018009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$242,522 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Advance Auto Parts | Corp NN | 737 N Brindlee Mountain Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.