Advance Auto Parts

281 US 90, Hondo, TX 78861

$1,885,246

Cap Rate 6.10%

Views: 123 DOM: 207 Updated: 07.16.24 Posted: 02.22.24 Status: Active

Summary

Price $1,885,246	Built/Renov 2023	Tenant Advance Auto Parts
Cap Rate 6.10%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 6,889	Lease Start 02-01-2024	#Units 5,105
Price/SF $273.66	Expiration 02-01-2039	Tenant Type Automotive
NOI $115,000	R. Term 14.4	Ownership Fee Simple
Rent/SF $16.69	Increases 10.0%/5/yrs	Pop 5Mi 9,671
Lot/AC 1.77	Options 3/5yrs/10%	AHHI 5Mi $80,741

Bob Moorhead

Secure Net Lease

Contact

Lease Highlights

Brand-new 2023 construction
Advance Auto Parts recently executed a brand-new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental escalations every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for structure and foundation
Corporate guaranteed lease

Location Description

Advance Auto Parts is strategically located on US Hwy 90, with access to 17,221 vehicles passing by daily. The property is located within a dense retail corridor, featuring anchor tenants such as H-E-B, Walmart, and Tractor Supply. Other notable tenants in the vicinity include McDonald's, Taco Bell, Whataburger, and more. Additionally, it is conveniently located near the South Texas Regional...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Long 15+ yr lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee

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Links

Advance Auto Parts Wikipedia Advance Auto Parts Wikipedia Hondo, Texas Zip Code 78861 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Advance Auto Parts
Guarantor:Corp T and Rated
Company:Advance Stores Co, Inc
# Units:5,105
Tenant S&P: BB+
Moody’s: Ba2
Stock: NYSE: AAP

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
2028 Total Population :	1,291	6,632	8,858
2023 Total Population :	1,364	6,945	9,224
2023 Employed Civilian Pop :	521	2,589	3,130
2023 Total Businesses :	104	383	412
2023 Average Household Income :	$ 61,965	$ 71,289	$ 72,894
2023 Total Consumer Spending :	$ 26 M	$ 161 M	$ 178 M
2023 Median Age :	40	38	37
2023 Total Households :	466	2,552	2,753
2023 Pop Age 25+: Bachelor's Degree :	51	319	430
2023 Average Home Value :	$ 154,049	$ 172,037	$ 182,209

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US Highway 90 East	Hwy 90	2021	21,011	0.04 mi
19th St	Veterans Blvd	2008	17,400	0.25 mi
18th St E		2010	1,820	0.34 mi
State Hwy 173	18th St	2013	4,767	0.38 mi
State Hwy 173	Elstone Rd	2018	3,085	0.41 mi
State Highway 173 South	Elstone Rd	2021	4,034	0.47 mi
State Highway 173 North	18th St E	2021	6,125	0.48 mi
Avenue E	20th St	2020	4,875	0.66 mi
Avenue E	FM 462	2021	6,114	0.66 mi
Avenue E	19th St	2013	5,880	0.68 mi

Listing Broker

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