Advance Auto Parts 1114 S Main St 13 650 pi² Commerce de détail Immeuble Maryville, MO 64468 4 967 655 $ CAD (363,93 $ CAD/pi²) 8,75% Taux de capitalisation

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.