Cap Rate
7.5%
$ per SF
$141
1471 Hwy 21 Byp, Monroeville, AL, 36460
Advance Auto Parts$992,000
Key Information
Tot. SF
7,000
Year Built
1995
Term Remaining
±6.5 YRS
Type
Retail
Highlights
- Corporately guaranteed by Advance Auto Parts Inc.
- Limited Landlord responsibilities
- Attractive 15.80% rental increases in the option period, which provides investors a hedge against inflation
- Healthy rent to sales ratio of 7.04%
- Advance Auto Parts is currently paying a low rent of $74,400 ($10.63 Rent PSF)
- Long Operating History: Advance Auto has been at the site since 1995
- Subject property is located in an Opportunity Zone
- Property is located directly across the street from a Tractor Supply shopping center, surrounded by national tenants such as McDonald’s, Hardees, & Pizza Hut
- Advance Auto Parts is a publicly traded company | NYSE: AAP
- Credit rated tenant | S&P Global: BB+ | Moody’s: Baa3
- Long Operating History | (91 Years) with over ±4,777 locations
Photos
Location
Agents
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203