1114 S MAIN ST Maryville MO 64468-2602

Overview
Peranich Huffman Net Lease Group is pleased to exclusively present Advance Auto Parts (Walgreens Sublease), located at 1114 S Main Street, Maryville, MO.​ This offering provides investors the opportunity to acquire a property backed by an absolute net corporate master lease with Walgreen Co.​, and operated by national retailer Advance Auto Parts under a long-term sublease.​ The ±13,650 SF building is positioned along Main Street, surrounded by Walmart, Hy-Vee, McDonald’s, Verizon, AT&T, and more, ensuring consistent consumer traffic.​

Lease
The property is leased to Walgreen Co.​ under a long-term absolute net master lease expiring August 31, 2034, and is subleased to Advance Auto Parts for automotive retail use.​ The lease features an annual base rent of $312,334 ($22.88/SF), with (10) 5-year renewal options.​ The absolute NNN structure results in zero landlord responsibilities, with Walgreens carrying all expense and maintenance obligations while Advance Auto Parts operates the site under a long-term sublease.​

Tenant
Advance Auto Parts, Inc.​ is one of the largest automotive aftermarket parts providers in North America, operating 4,800+ stores and serving both professionals and do-it-yourself customers.​ The company reported FY 2024 revenue of $9.1 billion and employs 68,000+ team members nationwide.​ Advance Auto Parts’ scale, brand recognition, and entrenched demand for automotive services, combined with Walgreens’ master-lease credit, provide investors with strong income security and a compelling risk-adjusted return profile.​

Absolute Net Master Lease

The property operates under an absolute net master lease with Walgreen Co., providing zero landlord responsibilities and fully predictable cash flow. With 8+ years of remaining term and (10) 5-year renewal options, the lease structure offers long-term income stability supported by Walgreens’ corporate credit.

Corporately Guaranteed

The master lease is corporately guaranteed by Walgreens Co. The sublease is backed by Advance Auto Parts, Inc., adding another nationally recognized tenant with durable demand drivers and strong brand recognition.

Prime Location Within Retail Corridor

Located along Maryville’s main retail artery, the property is surrounded by reputable national tenants including Walmart, McDonald’s, Starbucks, Verizon, and more. Exceptional visibility, strong traffic counts, and complementary “daily-needs” retailers reinforce exposure and asset value.

Local Demand Drivers

The site draws from a stable residential base and Northwest Missouri State University. Within a 3-mile radius, the trade area includes 12,000 residents, supporting durable demand for automotive and essential retail services.

Subtenant Financial Momentum

Advance Auto Parts delivered its strongest quarterly performance in over two years in Q3 2025, reporting 3% comparable sales growth and a 4.4% adjusted operating income margin. Backed by $3+ billion in cash reserves and a streamlined operational footprint, the company continues to solidify its position as a leader in the automotive aftermarket industry.

The property is located at the intersection of South Main Street and W. South Street immediately adjacent to a McDonalds and across the street from a Hyvee Grocery store in the heart of Maryville. Other tenants in the immediate area include Walmart, AT&T Cellphone, Taco Bell, Bank Midwest, Dollar Tree, Hineline Home Furnishings and Ace Hardware. There are approximately 5,112 vehicles passing the site daily.

9+ Years Remain on Lease

Subleased to CarQuest opening in March 2025

Walgreens continues to pay rent

Adjacent to McDonalds

Across from Hyvee Supermarket