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27298639
27298638

5420 McClellan Blvd, Anniston, AL 36206

GK
NY 49KU1129178
SURMOUNT
RS
NY 10401341647
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$901,818
247 days on market
Updated 10 days ago
Opportunity zone

Advance Auto Parts

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 8,065
Cap Rate 8.25%
NOI $74,400
Occupancy 100%
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NN
Lease Term 38.8
Lease Expiration 12/31/2031
Remaining Term 5.6
Year Built 1993
Acreage 0.690
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/08/1993
Ownership Fee Simple

Retail | 8.25% CAP | 8,065 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 5420 McClellan Boulevard, Anniston, AL 36206. The site consists of roughly 8,065 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Advance Auto Parts is subject to a Double Net (NN) lease, which commenced 4/8/1993. The current annual rent is $74,400 and has scheduled increases of 13.4% in the next option period.

Investment highlights

  • Recession Resistant Business Due to Non Discretionary Nature of Services | The average age of the US vehicle fleet continues to increase leading to a greater need for repairs & maintenance. Auto parts are essential for keeping older cars running making demand less sensitive to economic downturns. Additionally, consumers often postpone buying new cars during downturns which increases demands for auto parts to maintain existing vehicles.

  • Extremely Long Operating History | Advance Auto Parts has been at this location since 1993. Advance Auto Parts has continued to extend their lease showing their commitment to this location, most recently exercising a 5-year renewal option early.

  • Strong National Tenancy in the Immediate Area | The property sits in a dense retail corridor, filled with name brand, premier national tenants. The site is located directly adjacent to a Walmart Supercenter, which includes an outparceled McDonald's as well. Additionally, there is a Domino's, Subway, Tractor Supply, and Lowe's all within a one mile radius of the site which drives traffic to the immediate area.

  • Corporate Guarantee from Advance Stores Company Inc. | The lease is backed by a strong corporate guarantee from Advance Stores Company, Inc., the operating entity of Advance Auto Parts. This corporate credit enhances the stability of the investment, ensuring reliable income backed by one of the nation’s leading automotive aftermarket parts providers.

Listing Contacts

GK
NY 49KU1129178
SURMOUNT
RS
NY 10401341647
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,400.00
$6,200.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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