Auto Parts

Advance Auto

3009 Dauphin Island Pkwy, Mobile, AL 36605

Listing Price: $632,157

Cap Rate
8.00%
Tenant Name
Advance Stores Company, Inc,
Years Remaining On Lease
2.6
Gross SF
7,855
Guarantor
Corporate Guarantee
Rentable SF
7,855
Price/Gross SF
$80.48
Lease Type
Absolute Net
Rent Per Square Feet
$6.44

Investment Overview

The subject investment property is situated on S Dauphin Island Parkway, which is one of the main traffic arteries in the city of Mobile. As such, there are, on average, approximately 23,000 vehicles that pass directly in front of the subject property each day. There are more approximately 56,000 individuals residing within a five-mile radius of the property and 234,500 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants include: Citi Trends, Regions, BBVA, Piggly Wiggly, Dollar General, CVS, Dollar Tree, OReilly Auto Parts, Little Caesars, and McDonalds, as well as numerous other local and national retail and restaurant concepts. In additional to these restaurants and retail concepts, the subject property benefits from its close proximity to two schools: BC Rain High School and Gilliard Elementary School. Together these schools have a total enrollment of nearly 1,500 students. Another attraction to the immediate area is the Mobile Aeroplex at Brookley, which is an industrial complex located on the western shore of Mobile Bay. The Aeroplex is the largest industrial and transportation complex in the region, with approximately 70 companies employing about 3,600 people.

Investment Highlights

  • Advance Stores Company, Inc. Guaranty | Wholly Owned Subsidiary of Advance Auto Parts
  • Absolutely Triple Net (NNN) Lease Structure
  • Approximately 3 Years Remaining on the Lease

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $632,157

Cap Rate
8.00%
Tenant Name
Advance Stores Company, Inc,
Years Remaining On Lease
2.6
Gross SF
7,855
Guarantor
Corporate Guarantee
Rentable SF
7,855
Price/Gross SF
$80.48
Lease Type
Absolute Net
Rent Per Square Feet
$6.44

Investment Highlights

  • Advance Stores Company, Inc. Guaranty | Wholly Owned Subsidiary of Advance Auto Parts
  • Absolutely Triple Net (NNN) Lease Structure
  • Approximately 3 Years Remaining on the Lease

Investment Overview

The subject investment property is situated on S Dauphin Island Parkway, which is one of the main traffic arteries in the city of Mobile. As such, there are, on average, approximately 23,000 vehicles that pass directly in front of the subject property each day. There are more approximately 56,000 individuals residing within a five-mile radius of the property and 234,500 individuals within a ten-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants include: Citi Trends, Regions, BBVA, Piggly Wiggly, Dollar General, CVS, Dollar Tree, OReilly Auto Parts, Little Caesars, and McDonalds, as well as numerous other local and national retail and restaurant concepts. In additional to these restaurants and retail concepts, the subject property benefits from its close proximity to two schools: BC Rain High School and Gilliard Elementary School. Together these schools have a total enrollment of nearly 1,500 students. Another attraction to the immediate area is the Mobile Aeroplex at Brookley, which is an industrial complex located on the western shore of Mobile Bay. The Aeroplex is the largest industrial and transportation complex in the region, with approximately 70 companies employing about 3,600 people.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower