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Advance Auto Parts - Rainsville, AL 111 N McCurdy Ave 7,000 SF Retail Building Rainsville, AL 35986 $1,530,006 ($218.57/SF) 8% Cap Rate
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, Rainsville features a demographic profile hosting 6,248 residents with an average household income of $67,550.
- Founded in 1932, Advance Auto Parts employs over 69,000 people nationwide.
- 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 111 N McCurdy Ave in Rainsville, 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, providing for a secure investment.
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
C
Year Built
1998
Price
$1,530,006
Price Per SF
$218.57
Cap Rate
8%
NOI
$122,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.84 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,000 SF
- $17.49
- Double Net
- Dec 2030
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 | 7,000 SF | $17.49 | Double Net | Dec 2030 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-04-19-0-002-063.000 | Improvements Assessment | $108,540 |
| Land Assessment | $5,000 | Total Assessment | $113,540 |
Property Taxes
Parcel Number
15-04-19-0-002-063.000
Land Assessment
$5,000
Improvements Assessment
$108,540
Total Assessment
$113,540
Contacts
-
Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Andrew Ackerman -
Sands Investment Group
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