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Advance Auto Parts | Corp NN 737 N Brindlee Mountain Pky 7,000 SF Retail Building Arab, AL 35016 $650,000 ($92.86/SF) 6.83% Cap Rate
Investment Highlights
- Corporate Lease | Recent Lease Extension | Below Market Rent
- Established Retail Corridor | Service-Oriented Retail Hub |Central Arab, AL Location
- NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Advance Auto Parts investment property located in Arab, Alabama. The tenant, Advance Stores Company, Incorporated, recently executed a lease extension through December 2028, demonstrating continued commitment to the location after more than 30 years of operating history at the site. The lease features two (5-year) options to extend with fixed rental increases at the beginning of each option period, providing continued NOI growth potential. The tenant is currently paying approximately $6.34/SF, below surrounding retail lease comparables within the trade area. The lease is structured as NN with limited landlord responsibilities, creating a low-management investment opportunity with defined ownership obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
1993
Price
$650,000
Price Per SF
$92.86
Cap Rate
6.83%
NOI
$44,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Zoning
GB - General Business District
Parking
58 Spaces (8.29 Spaces per 1,000 SF Leased)
Frontage
150’ on Brindlee Mountain Pky
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130623-2-000-018009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $173,100 |
Property Taxes
Parcel Number
130623-2-000-018009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$173,100
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