Overview
Description
Advance Auto Parts has 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)! Advance Auto Parts, Inc. (NYSE: AAP | S&P BB Credit Rating | Moody’s Ba3 Rating) is a leading automotive aftermarket retailer serving both professional installers and do-it-yourself customers, operating 4,297 stores primarily in the U.S. with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands, and supporting 814 independently owned Carquest-branded stores across North America and the Caribbean. It is Successfully open & operating since 1995 and currently in their 5th renewal option with an ATTRACTIVE 7.04% Rent to Sales Ratio! Advanced Auto Parts is Priced below replacement cost with low rents in-place – $10.63 psf.
The Asset is Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center with great visibility/access on AL-21 Bypass with traffic counts of 5,967 CPD! Nearby retailers include Walmart Supercenter, Tractor Supply Co., Ace Hardware, True Value, Cato, Hibbett, Shoe Show, Farmers Home Furniture, Piggly Wiggly, Dollar General, Dollar Tree, Family Dollar, AT&T, Verizon, Cricket Wireless, Walgreens, O’Reilly Auto Parts, AutoZone, Anytime Fitness; Dining options include McDonald’s, Sonic Drive- In, Pizza Hut, Hardee’s, Guthrie’s, Subway, Huddle House, Captain D’s. It is 2 miles from Coastal Alabama Community College : Monroeville – a public, 2-year, comprehensive college that offers a variety of degree programs for university transfer, business technology &; nursing; 1 mile from Monroe County Hospital – a 94-bed critical access hospital offering Emergency Care 24/7, Inpatient Care, Outpatient Services, and Surgical Procedures. According to Bureau of Labor Statistics (November 2025), Alabama’s rate at 2.7% | National unemployment rate at 4.6%
Property 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 with an ATTRACTIVE 7.04% Rent to Sales Ratio!
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center with great visibility/access on AL-21 Bypass with traffic counts of 5,967 CPD!
- CORPORATE GUARANTEED LEASE: Advance Auto Parts, Inc. (NYSE: AAP | S&P BB Credit Rating | Moody’s Ba3 Rating) is a leading automotive aftermarket retailer serving both professional installers and do-it-yourself customers, operating 4,297 stores primarily in the U.S. with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands, and supporting 814 independently owned Carquest-branded stores across North America and the Caribbean.
- 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
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