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33227388
33227389

1471 AL-21 Bypass, Monroeville, AL 36460

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$902,000
7 days on market
Updated 7 days ago
Opportunity zone

ADVANCE AUTO PARTS (STRONG SALES) – MONROEVILLE, AL

Details
Property Type Retail
Sub Type Bank, Auto Shop (+1)
Square Footage 7,000
Net Rentable (SqFt) 7,000
Cap Rate 8.25%
NOI $74,400
Occupancy 100%
Tenancy Single
Brand/Tenant Advanced Auto Parts
Lease Type NN
Lease Expiration 12/31/2031
Rent Bumps Yes
Lease Options One 5-year renewal option
Year Built 1995
Acreage 0.826
Zoning C
Parking Spaces 29 spaces
Parking Per SqFt 4.14
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/06/1995
Ground Lease No
Ownership Fee Simple

Retail | 8.25% CAP | 7,000 SqFt

Marketing description

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%

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)!

  • CORPORATE GUARANTEED LEASE: 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.

  • SEASONED SALES LOCATION: Successfully open & operating since 1995 and currently in their 5th renewal option with an ATTRACTIVE 7.04% Rent to Sales Ratio!

  • STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place - $10.63 psf

  • LARGE PARCEL | TRAFFIC COUNTS: 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!

  • 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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Loan Amount
$0.00
Annual Debt Service
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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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