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Views: 56 DOM: 127 Updated: 11.11.24 Posted: 08.16.24 Status: Active

Summary

Price $1,808,382
Built/Renov 2007
Tenant Advance Auto Parts
Cap Rate 7.60%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,000
Lease Start 09-27-2007
#Units 5,105
Price/SF $258.34
Expiration 09-30-2027
Tenant Type Automotive
NOI $137,437
R. Term 2.9
Ownership Fee Simple
Rent/SF $19.63
Increases 10.0%/2/yrs
Pop 5Mi 181,158
Lot/AC 3.59
Options 2/5yrs/10%
AHHI 5Mi $109,769

Lease Highlights

  • Advance Auto Parts has been operating in this location since 2007
  • The tenant has 2+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease (NYSE: AAP)

Location Description

Advance Auto Parts is strategically located at the signalized, hard-corner intersection of First Street East and Wilson Road, with access to a combined daily traffic count of 27,779 vehicles. The property is in close proximity to well-known national tenants such as At Home, Burlington, Petco, Michaels, Planet Fitness, and more. Nearby key community amenities include Humble High School, Ross...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider that serves both professional installers and do-it-yourself (DIY) customers.  Advance is a publicly traded...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,482 47,508 197,103
2024 Total Population : 5,437 45,943 190,138
2024 Employed Civilian Pop : 2,728 21,807 94,863
2024 Total Businesses : 890 2,603 6,247
2024 Average Household Income : $ 64,545 $ 88,871 $ 111,847
2024 Total Consumer Spending : $ 118 M $ 1195 M $ 6361 M
2024 Median Age : 35 34 35
2024 Total Households : 2,061 15,127 64,642
2024 Pop Age 25+: Bachelor's Degree : 392 4,954 28,482
2024 Average Home Value : $ 289,640 $ 282,696 $ 325,252
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
1st Street Wilson Rd 2019 9,562 0.12 mi
1st Street Wilson Rd 2022 9,250 0.12 mi
FM 1960 Bypass Road East Ramblewood Dr 2022 40,939 0.15 mi
FM 1960 Bypass Rd E Ramblewood Dr 2013 36,651 0.15 mi
1st St Humble Pl Dr 2000 11,600 0.23 mi
Wilson Rd Humble Pl Dr 2006 13,070 0.24 mi
Ramblewood Dr FM 1960 Bypass Rd E 2011 1,090 0.28 mi
1st St Hirsch Ave 2013 11,312 0.38 mi
Derrick Dr Treble Dr 2011 590 0.43 mi
1st Street Hirsch Ave 2022 10,307 0.44 mi

Listing Broker

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