Advance Auto Parts

Houston, TX
Price: $1,562,500
Cap Rate: 7.50%

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Blue West Capital is pleased to offer for sale an Advance Auto Parts located in Houston, the 4th most populous city in the United States. Advance Auto Parts is an investment grade rated company (S&P: BBB-) and is considered an essential business.  This is a rare Advance Auto Parts lease with virtually no landlord responsibilities – tenant is responsible for only the roof, HVAC, and parking lot. 

Strategically located in a densely populated area with over 177,000 people living within three miles and rapidly expanding with 5% projected annual population growth within five miles. This Advance Auto location is located in a superb retail corridor that features numerous national and local tenants including Walmart Supercenter, Lowe’s, The Home Depot, Target, Kroger, Walgreens, CVS, Best Buy, Kohl’s, LA Fitness, Burlington Coat Factory, Hobby Lobby and many others. 

  • Positioned along Spencer Road (30,000 VPD), a primary east-west thoroughfare in this corridor 
  • Average household incomes are approximately $100,000 within five miles
  • Texas is an income tax free state
  • Recently constructed all-masonry building (2008)

OFFERING SUMMARY

Price: $1,562,500

Cap Rate: 7.50%

Year Built: 2008

Building Size: 6,000 SF

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2020-05-14T12:34:53-07:00