REIT Sale | Former Advance Auto Parts | 19K VPD | Florida Border Nearby

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2581/reit-sale-former-advance-auto-parts-19k-vpd-florida-border-nearby?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2581

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 2718 Montgomery Highway in Dothan, Alabama 36303 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner/users or investors to acquire a highly visible and strategically located asset at a substantial discount. FIRST BID MEETS RESERVE!

Built in 1997, the Property consists of a single-story, free-standing retail building totaling ±6,559 square feet, situated on a ±1.06-acre parcel (±46,037 SF). The site includes 35 surface parking spaces and features ±185 feet of frontage along Montgomery Highway, one of Dothan’s primary commercial corridors with an average daily traffic count of ±19,744 VPD. The Property offers excellent accessibility via a dedicated curb cut and is positioned just off the high-traffic intersection with Ross Clark Circle (±31,933 VPD)—a major ring road encircling Dothan. The building features a prominent pylon sign, enhancing its visibility to passing traffic. Previously operated under a triple-net (NNN) lease by Advance Auto Parts, the Property provides new ownership with a compelling value-add opportunity through lease-up at current market rates (CoStar estimated retail rents of $15-19/SF NNN). Zoned L-I (Light Industry), the Property offers flexible zoning that accommodates a variety of uses. This flexibility, combined with its prominent location and below-replacement pricing, positions the asset as an ideal opportunity for both investors seeking stabilized income or owner/users looking to secure a well-located site.

The Property is located in Dothan, Alabama, a growing regional hub just 30 minutes north of the Florida state line and 90 minutes southeast of Montgomery. Strategically positioned along Montgomery Highway (U.S. Highway 231)—one of the region’s most heavily trafficked commercial corridors—the Property benefits from strong visibility and immediate access to Ross Clark Circle, located less than half a mile away. Positioned just off a key signalized intersection, the site is surrounded by a dense mix of national retailers and QSRs, including Walmart, Lowe’s, The Home Depot, Sam’s Club, TJ Maxx, Shoe Carnival, Big Lots, Publix, Hobby Lobby, Starbucks, McDonald’s, Chick-fil-A, and Planet Fitness along with numerous automotive, home improvement, and service-oriented businesses that drive consistent daily-needs traffic. The area is further supported by local/regional demand drivers such as Southeast Health, a 420-bed hospital, and Flowers Hospital, as well as Dothan High School and the nearby Dothan Regional Airport, just 15-min away. With ±66,822 residents and an average household income of nearly ±$83k within a 5-mi radius, the Property is ideally positioned to serve both commuter and residential demand, offering a compelling opportunity for a wide range of end users and investors.


Daniel Culps
c/o Fisher Auction Company Inc.
License: 5070