Absolute NNN | Advance Auto Parts | 100% Occupied
Walgreens Sublease
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581 | [email protected].
Advance Auto Parts at 1114 South Main Street, Maryville, MO 64468 offers investors a compelling opportunity to acquire a high-visibility net leased asset in the heart of Maryville’s primary retail corridor. Positioned along South Main Street and surrounded by major national retailers including Walmart, McDonald’s, Starbucks, and Verizon, the property benefits from strong traffic, excellent frontage, and daily consumer demand. The asset is secured by an absolute net master lease with Walgreen Co., delivering truly passive ownership with zero landlord responsibilities and predictable cash flow. With more than 8 years remaining on the current term plus ten 5-year renewal options, the lease structure provides exceptional long-term stability. The lease is further strengthened by Walgreens’ corporate guarantee, while the sublease is backed by Advance Auto Parts, a nationally recognized brand in the automotive aftermarket sector. Advance Auto Parts also brings strong operating momentum, highlighted by recent comparable sales growth, improving margins, and significant cash reserves. This combination of corporate backing, durable tenant demand, and premier corridor placement makes this property an attractive net lease investment opportunity!
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1114 S Main St, Maryville, MO 64468
Investment highlights
MO Auctioneer: Auction Company License: Crexi, MO 202610196.
- 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.
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