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Auto Parts

Advance Auto Parts (Extended Lease)

6424 N 10th St, McAllen, TX 78504

Listing Price: $2,125,000

Cap Rate
5.92%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
6,791
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.51

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located off 10th and Martin in McAllen, TX. The offering includes a favorable corporate guaranteed NNN lease with minimal landlord responsibility, expiring April of 2025. Advance Auto Parts has successfully operated at this location for 17+ years and is currently within their first 5-year option period which was exercised in 2019. Advance Auto Parts benefits from their signalized corner location which offers great access and visibility to over 30,000 cars daily. Situated in a dense retail corridor, nearby retailers include Lowe’s, Sprouts, Sam’s Club and Home Depot.

Investment Highlights

  • Corporate Guaranteed, Tenant Exercised First Option Through April 30th, 2025
  • Passive Lease Structure - Landlord Responsible for Structure, Slab and Foundation Only (NOT RESPONSIBLE FOR ROOF, PARKING & HVAC)
  • Located Just Blocks from Lowe's, Home Depot and Target Anchored Power Center

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Parts

Advance Auto Parts (Extended Lease)

Listing Price: $2,125,000

Cap Rate
5.92%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
2.8
Guarantor
Corporate Guarantee
Rentable SF
6,791
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.51

Investment Highlights

  • Corporate Guaranteed, Tenant Exercised First Option Through April 30th, 2025
  • Passive Lease Structure - Landlord Responsible for Structure, Slab and Foundation Only (NOT RESPONSIBLE FOR ROOF, PARKING & HVAC)
  • Located Just Blocks from Lowe's, Home Depot and Target Anchored Power Center

Investment Overview

Marcus & Millichap is proud to offer for sale fee simple ownership of the Advance Auto Parts located off 10th and Martin in McAllen, TX. The offering includes a favorable corporate guaranteed NNN lease with minimal landlord responsibility, expiring April of 2025. Advance Auto Parts has successfully operated at this location for 17+ years and is currently within their first 5-year option period which was exercised in 2019. Advance Auto Parts benefits from their signalized corner location which offers great access and visibility to over 30,000 cars daily. Situated in a dense retail corridor, nearby retailers include Lowe’s, Sprouts, Sam’s Club and Home Depot.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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