Cap Rate
6%
Lot Size
1.09 Acres
22211 State Hwy 181, Fairhope, AL, 36532
Advance Auto Parts$3,674,400
Key Information
Year Built
2026
Term Remaining
±15 Years
Type
Retail
NOI
$220,464
Highlights
- 2026 built-to-suit for Advance Auto Parts
- 15 Year NNN lease with limited landlord responsibilities and a 10% bump in year 10
- 5-mile population in excess of 55,051 residents
- Extremely strong population growth of 5.36% annually over the past 5 years and projected 14.47% annual growth over the next 5 years
- Robust average household income of $135,801 (5 mile)
- Subject property is a Publix outparcel with other new development including Express Oil Change, Culver’s, and 7 Brew on the other pads
- Subject property is located in Baldwin County, one of the top 10 fastest growing counties in the country
Photos
Location
Agents
Broker of Record
Hutt Cooke
License # 000168807 - 0, 000110253 - 0 (AL)Matthews Real Estate Investment Services, Inc1600 West End Ave., Ste. 1500, Nashville, TN 37203