Arab, AL - Advance Auto Parts

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Advance Auto Parts investment property located in Arab, Alabama. The tenant, Advance Stores Company, Incorporated, recently executed a lease extension through December 2028, demonstrating continued commitment to the location after more than 30 years of operating history at the site. The lease features two (5-year) options to extend with fixed rental increases at the beginning of each option period, providing continued NOI growth potential. The tenant is currently paying approximately $6.34/SF, below surrounding retail lease comparables within the trade area. The lease is structured as NN with limited landlord responsibilities, creating a low-management investment opportunity with defined ownership obligations.

The property is strategically positioned along N Brindlee Mountain Parkway (17,800 VPD), a primary north-south retail corridor serving the greater Arab trade area. The site benefits from strong visibility, convenient ingress/egress, and proximity to surrounding national and regional retailers including Tractor Supply, Wendy’s, Arby’s, Dairy Queen, Harbor Freight, Sonic, O’Reilly Auto Parts, Dollar General, and more, reinforcing the corridor’s established retail presence and consistent consumer traffic patterns. In addition, the property is located near multiple schools, residential neighborhoods, and daily-needs retail drivers that support long-term traffic to the area. The 5-mile trade area is supported by more than 18,800 residents and 4,800 employees with an average household income of approximately $88,334

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