1471 S Highway 21 Byp - Freestanding FOR SALE
Monroeville, AL 36460 |
$992,000 USD
480-718-5555
1471 S Highway 21 Byp
Monroeville, AL 36460
HIGHLIGHTS
- NN LEASE: 5+ years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)!
- CORPORATE GUARANTEED LEASE: operating 4,297 stores primarily in the U.S.
- SEASONED SALES LOCATION: Successfully open & operating since 1995 and currently in their 5th renewal option
- STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place - $10.63 psf
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a ±0.826-acre lot - across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center
- 2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044
FOR SALE DETAILS
PRICE
$992,000 USD
PRICE/SF
$142 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
ADVANCE AUTO PARTS – MONROEVILLE, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,155 SF
ZONING
C
APN/PARCEL ID
26010140000370010
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480-718-5555
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480-718-5555
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