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Flomaton Advance Auto Parts Building Sells For About $1 Million
April 14, 2011
The Advance Auto Parts building in Flomaton has been sold for nearly a million dollars.
Unnamed out-of-state investors purchased the Advance Auto parts building in Flomaton for $976,500 and one in Freeport, Fla., for $1.75 million, according to broker Marcus & Millichap in Nashville, Tenn. The deal was closed by Surety Land Title.
According to the real estate listing , the Advance Auto Parts chain has a 12 year lease remaining on the 7,000 square foot building, which was constructed in August 2007. An average of 10,590 vehicles per day pass the building on Sidney Manning Boulevard.
Comments
6 Responses to “Flomaton Advance Auto Parts Building Sells For About $1 Million”
>>>Odd….I was in there yesterday asking them about them being sold and no-one in the store knew what I was talking about, including the manager. They said the store has not been sold and Northescambia doesn’t know what their talking about. ?!?
The manager is right when “they said the store has not been sold”. The story does not say the STORE has been sold. The story says the BUILDING has been sold.
Most chain stores — Advance Auto, Winn Dixie, Walgreens, etc — do not own their building. Investor/real estate companies build the buildings and lease them to the chain companies. One investment company bought it from a property company in Mobile.
Odd….I was in there yesterday asking them about them being sold and no-one in the store knew what I was talking about, including the manager. They said the store has not been sold and Northescambia doesn’t know what their talking about. ?!?
I beleive the traffic count is off quite a bit.Several years ago Winn Dixie did a traffic count in front of The Country Bumpkin,the count seemed to be over 25k a day
It’s on the left!
It’s relatively new and next to what used to be the Minute Stop in Flomaton. Just a bit north of United Bank.
I don’t recall just where this store is….