August 1, 2023 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Advance Auto Parts in Arab, Alabama. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $587,500.
Advance Auto Parts is located at 737 N Brindlee Mountain Parkway in Arab, Alabama. Constructed in 1993, Advance Auto Parts has been at this location for 35 years and just extended their lease demonstrating their commitment to the site and the market. Advance Auto Parts has 5+ years remaining on their Double Net lease with two (2), 5-year renewal options. The lease features an attractive 7.5% rent increase at the start of each of their renewal options. The Property received a new roof in December of 2021 and features a transferable roof warranty. Advance Auto Parts is ideally situated along N Brindlee Mountain Parkway (US Route 231), the area’s primary retail and commuter thoroughfare. The Property enjoys outstanding visibility and signage and is surrounded by national retailers driving traffic to the area. The Property is positioned 1-mile north of AL Route 69, 1.4-miles south of a Walmart Supercenter, and enjoys convenient access to all of the area’s businesses, schools and municipal offices. Arab is located in northern Alabama and is 30-miles from Huntsville and the Redstone Arsenal, 60-miles from Birmingham, 140-miles from Nashville, and 145-miles from Atlanta.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.