Advance Auto Parts

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire an Advance Auto Parts in Mobile, AL. Advance Auto Parts is a publicly traded company (NYSE: AAP), operates over 4,300 locations across North America and is one of the leading automotive aftermarket parts providers serving both professionals and do-it-yourself customers. 

With over 5 years remaining in the primary term, four 5-year option periods, 5% rent increases every option period and limited landlord responsibility, this asset is ideal for an investor seeking passive cashflows.  The 19,800 SF building was constructed in 2017, is positioned on a 2.77-acre parcel and is located on Government Blvd which sees over 32,300 VPD. Downtown Mobile, which has an MSA population exceeding 411,000, is only 8 miles from the subject property and is the second largest city in Alabama. Numerous national retailers surround the property including Burger King, Waffle House, Krystal, Dollar General, Greer’s Cash Saver, Gabe’s, Northern Tool + Equipment, Murphy USA, Shell, Mavis Tire and Strickland Brothers Automotive. 

Don’t miss out on this opportunity to purchase a net leased auto parts store in Alabama with 5.7 lease years remaining, 20 years in option periods and limited landlord responsibilities providing stable revenue for years to come.

Available