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ADVANCE AUTO PARTS – MONROEVILLE, AL 1471 S Highway 21 Byp 7,000 SF Retail Building Monroeville, AL 36460 $992,000 ($141.71/SF) 7.50% Cap Rate
INVESTMENT 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
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a ±0.826-acre lot - across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center
- CORPORATE GUARANTEED LEASE: operating 4,297 stores primarily in the U.S.
- 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
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Double Net
- Dec 2031
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Double Net | Dec 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26010140000370010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $132,860 |
PROPERTY TAXES
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ADVANCE AUTO PARTS – MONROEVILLE, AL | 1471 S Highway 21 Byp
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