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132 N 16th Ave
Laurel, MS 39440

$1,241,322 USD

Auto Repair For Sale  •  6,704 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 6,704 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 6.50 %
  • Tenancy Single
50 Walk Score

Highlights

This investment features an Absolute Triple Net (NNN) Lease with zero landlord responsibilities.
Unlike many flat-rent automotive leases, this agreement includes a 10% rent increase scheduled for September 1, 2028.
Advance Auto Parts (NYSE: AAP) is a leading automotive aftermarket provider that has seen a significant turnaround in early 2026.
The subject property is strategically situated on N 16th Avenue, which sees over 30,770 VPD.
As an automotive parts provider, the tenant operates in a needs-based retail sector that historically performs well during economic downturns.
Laurel is experiencing a major economic surge, highlighted by the $74.5 million expansion of poultry processor Amick Farms.
Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts 6,704 SF 8/31/2033

Public Transportation

Commuter RailDriveWalkDistance
3 min - 1.5 mi
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC
Luke Wakefield 770-800-3035 Sands Investment Group Atlanta, LLC