Advance Auto Parts Birmingham, AL

9129 Parkway East
Birmingham, AL

Price: $3,851,000
Cap Rate: 6.00%
NOI: $231,085
Building Size: Approx. 16,000 Sq. Ft.
Lot Size: Approx. 1.84 Acres
Type: Single-Tenant / Retail
Sub Category: Automotive Parts
Year Built: 2022

Investment Overview

  • 2022 Construction. 16,000 +/- SF Building on 1.84+/- Acre Site
  • Brand New Corporate 15 Year Lease w/ 10% Rental Bump in Year 11, and Every 5 Years Afterwards
  • Excellent High Traffic Location at the Three-Way Signalized Intersection of Parkway E & Shopping Center Dr (29,600 Combined VPD)
  • Shadow Anchored by Walmart Supercenter and Near Several Other National Tenants Including Harbor Freight Tools, Dollar Tree, Chick-fil-A, Walgreens, and More.
  • Subject Property Serves as Both a Retail Store and Distribution Site that Stocks Inventory for Other Advance Auto Parts Locations
  • Advance Auto Parts (NYSE: AAP) is a Leading Automotive Market Parts Provider & Official Auto Parts Retailer of NASCAR
  • Birmingham  |  Part of the Birmingham-Hoover MSA (Greater Birmingham) |  County Population: 1.1 Million