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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
BoR: Andrew Ackerman - Lic. AL #1089690
Property Facts
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 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, 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 |
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
Contacts
-
Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Andrew Ackerman -
Sands Investment Group
Presented by
Advance Auto Parts - Rainsville, AL | 111 N McCurdy Ave
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