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ADVANCE AUTO PARTS – MONROEVILLE, AL 1471 S Highway 21 Byp 7,000 SF Retail Building Monroeville, AL 36460 $902,000 ($128.86/SF) 8.25% Cap Rate
Investment Highlights
- STRONG HISTORICAL OCCUPANCY: 5 years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)!
- Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center
- 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044
- CORPORATE GUARANTEED LEASE: Successfully open & operating since 1995 & currently in their 5th renewal option w/ attractive 7.04% Rent to Sales Ratio
- STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place – $10.63 psf
Executive Summary
Advance Auto Parts has 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)! Advance Auto Parts, Inc. (NYSE: AAP | S&P BB Credit Rating | Moody’s Ba3 Rating) is a leading automotive aftermarket retailer serving both professional installers and do-it-yourself customers, operating 4,297 stores primarily in the U.S. with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands, and supporting 814 independently owned Carquest-branded stores across North America and the Caribbean. It is Successfully open & operating since 1995 and currently in their 5th renewal option with an ATTRACTIVE 7.04% Rent to Sales Ratio! Advanced Auto Parts is Priced below replacement cost with low rents in-place – $10.63 psf.
The Asset is Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center with great visibility/access on AL-21 Bypass with traffic counts of 5,967 CPD! Nearby retailers include Walmart Supercenter, Tractor Supply Co., Ace Hardware, True Value, Cato, Hibbett, Shoe Show, Farmers Home Furniture, Piggly Wiggly, Dollar General, Dollar Tree, Family Dollar, AT&T, Verizon, Cricket Wireless, Walgreens, O’Reilly Auto Parts, AutoZone, Anytime Fitness; Dining options include McDonald’s, Sonic Drive- In, Pizza Hut, Hardee’s, Guthrie’s, Subway, Huddle House, Captain D’s. It is 2 miles from Coastal Alabama Community College : Monroeville – a public, 2-year, comprehensive college that offers a variety of degree programs for university transfer, business technology & nursing; 1 mile from Monroe County Hospital – a 94-bed critical access hospital offering Emergency Care 24/7, Inpatient Care, Outpatient Services, and Surgical Procedures. According to Bureau of Labor Statistics (November 2025), Alabama’s rate at 2.7% | National unemployment rate at 4.6%
The Asset is Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center with great visibility/access on AL-21 Bypass with traffic counts of 5,967 CPD! Nearby retailers include Walmart Supercenter, Tractor Supply Co., Ace Hardware, True Value, Cato, Hibbett, Shoe Show, Farmers Home Furniture, Piggly Wiggly, Dollar General, Dollar Tree, Family Dollar, AT&T, Verizon, Cricket Wireless, Walgreens, O’Reilly Auto Parts, AutoZone, Anytime Fitness; Dining options include McDonald’s, Sonic Drive- In, Pizza Hut, Hardee’s, Guthrie’s, Subway, Huddle House, Captain D’s. It is 2 miles from Coastal Alabama Community College : Monroeville – a public, 2-year, comprehensive college that offers a variety of degree programs for university transfer, business technology & nursing; 1 mile from Monroe County Hospital – a 94-bed critical access hospital offering Emergency Care 24/7, Inpatient Care, Outpatient Services, and Surgical Procedures. According to Bureau of Labor Statistics (November 2025), Alabama’s rate at 2.7% | National unemployment rate at 4.6%
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1995
Price
$902,000
Price Per SF
$128.86
Cap Rate
8.25%
NOI
$74,415
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C - Commercial Business
Frontage
150’ on Alabama 21 Bypass
Amenities
- Corner Lot
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
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 End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 26010140000370010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $132,860 |
Property Taxes
Parcel Number
26010140000370010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$132,860
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ADVANCE AUTO PARTS – MONROEVILLE, AL | 1471 S Highway 21 Byp
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