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Advance Auto Parts 7951 Highway 31

7,000 SF Retail Building Calera, AL 35040 $1,518,494 ($217/SF) 8.50% Cap Rate

Investment Highlights

  • Over Three Years Remaining on a Corporate Guaranteed Lease
  • Positioned Along US-31, a Major Thoroughfare Connecting Birmingham to Montgomery, Enhancing Visibility and Traffic to the Property
  • Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
  • Situated Just 30 Minutes From Birmingham, Alabama's SecondLargest City, With a Population of Over 195,000 Residents
  • The Lease is Backed By Advance Auto Parts, a Company With an Investment-Grade Credit Rating of BBB- From S&P
  • Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 7951 U.S. 31 in Calera, AL. This Deal Includes Over Three Years Remaining on a Corporate Guaranteed Lease and Situated Just 30 Minutes From Birmingham, Alabama's Second-Largest City, With a Population of Over 195,000 Residents, Providing For a Secured Investment.

BoR: Andrew Ackerman - Lic. AL #1089690

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
7,000 SF
Building Class
C
Year Built
2008
Price
$1,518,494
Price Per SF
$217
Cap Rate
8.50%
NOI
$129,072
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.71 AC
Zoning
C - Commercial
Parking
42 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
249 FT on Hwy 31

Amenities

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Advance Auto Parts
  • Retailer
  • 7,000 SF
  • $18.44
  • Triple Net
  • Jan 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Advance Auto Parts Retailer 7,000 SF $18.44 Triple Net Jan 2028

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 28-5-21-1-002-018-000
  • 28-5-21-1-001-029-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$151,860
  • Listing ID: 33050858

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 7951 Highway 31, Calera, AL 35040

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