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10175 Grand Bay Wilmer Rd S
Grand Bay, AL 36541
Advance Auto Parts - Grand Bay, AL · Retail Property For Sale
Investment Highlights
- The lease is backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody’s.
- Premier leader in the automotive aftermarket parts industry with over 4,200 stores in operation.
- Publicly traded entity on the New York Stock Exchange (NYSE: AAP).
- Within a 3-mile radius, Grand Bay features a demographic profile hosting 7,430 residents with an average household income of $82,482.
- Founded in 1932, Advance Auto Parts employs over 69,000 people nationwide. Publicly traded entity on the New York Stock Exchange (NYSE: AAP).
- The on-demand need for parts by local shops and DIY mechanics, combined with the high shipping costs for batteries and other parts.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 7,000 SF Advance Auto Parts located at 10175 Grand Bay Wilmer Road S in Grand Bay, AL. The lease is backed by Advance Auto Parts, a company with an investment-grade credit rating of BB+ from S&P and Ba1 from Moody’s, and $9.1 billion in annual sales for 2024, offering long-term stability and strong tenant fundamentals.
BoR: Andrew Ackerman - Lic. AL #1089690
BoR: Andrew Ackerman - Lic. AL #1089690
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2005
Price
$1,285,452
Price Per SF
$183.64
Cap Rate
8%
NOI
$102,836
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.03 AC
Parking
41 Spaces (5.86 Spaces per 1,000 SF Leased)
Frontage
173’ on Grand Bay W
Property Taxes
| Parcel Number | 36-07-36-3-000-007.001 | Improvements Assessment | $117,220 |
| Land Assessment | $14,580 | Total Assessment | $131,800 |
Property Taxes
Parcel Number
36-07-36-3-000-007.001
Land Assessment
$14,580
Improvements Assessment
$117,220
Total Assessment
$131,800
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