737 N Brindlee Mountain Pky - Freestanding FOR SALE


Arab, AL 35016
$675,000 USD
949-903-8099
737 N Brindlee Mountain Pky, Arab, AL for Sale
$675,000 USD
Freestanding - FOR SALE
1/4
null | 6.58% Cap Rate

737 N Brindlee Mountain Pky
Arab, AL 35016


HIGHLIGHTS

  • Corporate Lease | Recent Lease Extension | Below Market Rent
  • NN Lease Structure | Fee Simple Ownership | Limited Landlord Responsibilities
  • Established Retail Corridor | Service-Oriented Retail Hub |Central Arab, AL Location
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased Advance Auto Parts investment property located in Arab, Alabama. The tenant, Advance Stores Company, Incorporated, recently executed a lease extension through December 2028, demonstrating continued commitment to the location after more than 30 years of operating history at the site. The lease features two (5-year) options to extend with fixed rental increases at the beginning of each option period, providing continued NOI growth potential. The tenant is currently paying approximately $6.34/SF, below surrounding retail lease comparables within the trade area. The lease is structured as NN with limited landlord responsibilities, creating a low-management investment opportunity with defined ownership obligations.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts | Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

GB

APN/PARCEL ID

130623-2-000-018009

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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