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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 Rail	Drive	Walk	Distance
Laurel Amtrak Station (Crescent - Amtrak)	3 min	-	1.5 mi