7951 31Calera, AL 35040

Property Details for 7951 31

Lot size

0.71 AC

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a 7,000 square foot Advance Auto Parts store located at 7951 U.S. 31 in Calera, Alabama. The property sits on a 0.71-acre lot and benefits from a strong location along a major thoroughfare connecting Birmingham and Montgomery, ensuring high visibility and substantial traffic. The current lease with Advance Auto Parts, a publicly traded company (NYSE: AAP) with an investment-grade credit rating (BBB-/Baa2) and over $11.3 billion in 2023 sales, has a remaining term of approximately 3.2 years. This NNN lease includes two five-year options with 5% rent bumps at each option exercise. The lease commenced on August 27, 2007, and is set to expire on January 31, 2028. The corporate guarantee provides significant security for investors. The property is conveniently located just 30 minutes from Birmingham, Alabama's second-largest city, boasting a population exceeding 195,000 residents. Advance Auto Parts, a leader in the automotive aftermarket parts industry, operates over 4,700 stores nationwide and has been in business since 1932, employing over 65,000 people. This presents a secure, recession-resistant investment in a vital sector, benefiting from the consistent demand for auto parts from both local shops and DIY mechanics. The asking price for this property is $1,518,494.

Location Insight

City

Calera

County

Shelby

State

Alabama

Latitude

33.1073

Longitude

-86.752

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].