Advance Auto Parts Store

This Advance Auto Parts store has anchored the primary commercial corridor of Hemingway, South Carolina since 2005, demonstrating two decades of sustained commitment to the local market. Located on North Main Street with 8,300 vehicles per day and 50 miles from Myrtle Beach, the property benefits from Hemingway’s position in the path of regional growth spilling out of Horry County. The NN lease is guaranteed by Advance Stores Company, Incorporated, with three five-year renewal options each carrying 10% rent increases.

Construction

2006 construction; corner-entry split face block with metal awning

Investment Highlights

Advance Auto Parts has operated at this Hemingway location since 2005, demonstrating over two decades of sustained commitment to serving the local market.
Williamsburg County is experiencing meaningful growth, with Hemingway recording a 50% year-over-year increase in home sales as of March 2026, driven by regional spillover from Horry County and the Myrtle Beach metro area.
Three five-year renewal options each carry 10% rent increases, providing investors with above-average rental growth relative to standard NNN leases during the option periods.
Lease is guaranteed by Advance Stores Company, Incorporated, a Virginia corporation, providing institutional-grade credit backing for the income stream.
Located on North Main Street, the primary commercial corridor through Hemingway, with 8,300 vehicles per day providing consistent consumer exposure.
Positioned 50 miles from Myrtle Beach, South Carolina, the store benefits from proximity to one of the fastest-growing metropolitan areas in the country.
Advance Auto Parts (NYSE: AAP) carries an S&P BB credit rating and reported $8.6 billion in revenue in fiscal 2025. As of March 2026, the stock is up 30%, reflecting renewed investor confidence.
Established tenancy, below-market basis, and straightforward NN lease structure make this a compelling replacement property for 1031 exchange investors.

Sales Summary

$1,150,000

Purchase Price

Cap Rate

$80,500

NOI

NNN

Lease Type

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Whether you are looking to acquire a NNN property, sell an existing investment asset, complete a 1031 exchange, or discuss a commercial real estate opportunity, Harrison Capital Advisors is ready to assist.

James C. Harrison, III, CCIM

Managing Partner / Head of Real Estate Investment Sales

Coleman Davis

Partner / Senior Investment Real Estate Advisor

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