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Advance Auto Parts | Corp NN 737 N Brindlee Mountain Pky 7,000 SF Retail Building Arab, AL 35016 $675,000 ($96.43/SF) 6.58% Cap Rate

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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

Freestanding

Building Size

7,000 SF

Building Class

Year Built

1993

Price

$675,000

Price Per SF

$96.43

Cap Rate

6.58%

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

Dedicated Turn Lane

Pylon Sign

Signage

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.