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33621561
33621560

811 North Waukesha Street, Bonifay, FL 32425

MT
FL BK3217284
STNL
RD
FL SL3631262
STNL
Listed by STNL
$538,000
6 days on market
Updated 5 days ago

Advance Auto Parts | Low Rent - Low Term | Bonifay, FL

Details
APN 053102005136001000
Property Type Retail
Sub Type Auto Shop
Square Footage 6,732
Cap Rate 6.14%
NOI $33,020
Tenancy Single
Brand/Tenant Advance Auto Parts
Lease Type NN
Lease Term 25.1
Lease Expiration 12/31/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options One (1), Five (5) year
Year Built 1987
Stories 1
Acreage 0.480
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2002
Ground Lease No

$5.50 Rent/SF | 1.5 Years Term Remaining

Marketing description

STNL.com is pleased to present this Fee Simple Single Tenant Advance Auto Parts located in Bonifay, FL. Three reasons to own this property include:

1. Replaceable Rent : Advance Auto is paying $5.50 rent per square foot making this rate well below market. It is the second lowest rent per square foot out of all the Advance Auto Parts on the market, with approximately 1.5 years remaining on the lease; there is a near term opportunity to renegotiate the lease.

2. Opportunity Zone: Subject lies in Holmes County, which has been designated as a Qualified Opportunity Zone. This designation provides investors with potential tax advantages, including step ups in basis for qualifying hold periods. Additionally, investments held for more than ten years may qualify for an exemption from capital gains tax upon disposition.

3. Recession-Resistant Tenant: Advance Auto Parts (NYSE: AAP) continues to gain momentum through its restructuring strategy, reporting positive EPS of $1.13 in 2025 — its first profitable year since 2022. The automotive aftermarket industry has historically remained resilient during economic downturns. With the average vehicle age in the U.S. reaching 12.9 years, alongside continued growth in miles driven and overall vehicle fleet size, Advance Auto Parts is positioning themselves for sustained long-term demand and operational stability.

Investment highlights

Replaceable Rent: Advance Auto is paying $5.50 rent per square foot.

Opportunity Zone: This designation provides investors with potential tax advantages, including step ups in basis for qualifying hold periods.

Recession-Resistant Tenant: The automotive aftermarket industry has historically remained resilient during economic downturns.

Listing Contacts

MT
FL BK3217284
STNL
RD
FL SL3631262
STNL
Listed by STNL

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,020.00
$2,751.67/mo

Valuation Metrics

0
DSCR
6.14%
Cap Rate
6.14%
ROI

Map

Zoning

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C CommercialGeneral CommercialCommercial
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Mark Thompson
License
BK3217284
Brokerage Phone
689.666.9560
Name
Ryan Day
License
SL3631262
Brokerage
NNN Capital
Brokerage Phone
6896669546
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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