132 N 16th Ave - Auto Repair FOR SALE


Laurel, MS 39440
$1,241,322 USD
770-800-3035
132 N 16th Ave, Laurel, MS for Sale
$1,241,322 USD
Auto Repair - FOR SALE
1/5
null | 6.5% Cap Rate

132 N 16th Ave
Laurel, MS 39440


HIGHLIGHTS

  • This investment features an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
  • Unlike many flat-rent automotive leases, this agreement includes a 10% rent increase scheduled for September 1, 2028.
  • Advance Auto Parts (NYSE: AAP) is a leading automotive aftermarket provider that has seen a significant turnaround in early 2026.
  • The subject property is strategically situated on N 16th Avenue, which sees over 30,770 VPD.
  • As an automotive parts provider, the tenant operates in a needs-based retail sector that historically performs well during economic downturns.
  • Laurel is experiencing a major economic surge, highlighted by the $74.5 million expansion of poultry processor Amick Farms.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 6,704 SF Advance Auto Parts located at 132 N 16th Avenue in Laurel, MS. This investment features a rare Absolute Triple Net (NNN) Lease with Advance Auto Parts, providing a truly passive ownership structure with no landlord responsibilities, as the tenant is responsible for all operating expenses including taxes, insurance, and maintenance. Backed by a nationally recognized automotive retailer, this offering presents a stable, long-term net lease investment opportunity with secure income and minimal management requirements. In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616

FOR SALE DETAILS

PRICE

$1,241,322 USD

PRICE/SF

$185 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts - Laurel, MS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

119C-01-06-005.00

ASK ABOUT THIS PROPERTY

Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

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Luke WakefieldSands Investment Group Atlanta, LLCMore Info
770-800-3035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.