Skip to main content

Auto Service - Gas-Conv

Advance Auto Parts

1701 W Frank Ave, Lufkin, TX 75904

Listing Price: $1,310,000

Cap Rate
5.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
2.6
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$187.14
Lease Type
Double Net
Rent Per Square Feet
$10.29

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Advance Auto Parts in Lufkin, Texas. The property consists of a 7,000-square-foot, freestanding building that sits on approximately 1.17 acres of land. There are approximately 2.7 years remaining on the current lease term, with rental escalations scheduled in the next options. Advance Auto Parts has operated at this location since 2001. The property has excellent access and visibility on West Frank Avenue, where traffic counts exceed 14,466 vehicles per day. Surrounding retailers in the immediate area include Brookshire’s, O’Reilly Auto Parts, Jack’s, Dairy Queen, Chick-Fil-A, Whataburger, Family Dollar, McDonald’s and many more.

Investment Highlights

  • Only Advance Auto Parts Store Within an 85-Mile Radius
  • Signalized Hard Corner Location on West Frank Avenue (14,466 Vehicles per Day)
  • Strong Operating History – Advance Auto Parts has Operated at this Location for 21 Years
  • Next to Brookshire Brothers, The Popular Grocery Chain Headquartered in Lufkin
  • Large 1.17 Parcel with Ample Parking and Multiple Access Points
  • Corporate Guarantee from Advance Stores Company, Inc. (NYSE: AAP)
  • Lufkin is the Largest City in Angelina County and is a Located Between Houston and Nacogdoches

Exclusively Listed By

Auto Service - Gas-Conv

Advance Auto Parts

Listing Price: $1,310,000

Cap Rate
5.50%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
2.6
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$187.14
Lease Type
Double Net
Rent Per Square Feet
$10.29

Investment Highlights

  • Only Advance Auto Parts Store Within an 85-Mile Radius
  • Signalized Hard Corner Location on West Frank Avenue (14,466 Vehicles per Day)
  • Strong Operating History – Advance Auto Parts has Operated at this Location for 21 Years
  • Next to Brookshire Brothers, The Popular Grocery Chain Headquartered in Lufkin
  • Large 1.17 Parcel with Ample Parking and Multiple Access Points
  • Corporate Guarantee from Advance Stores Company, Inc. (NYSE: AAP)
  • Lufkin is the Largest City in Angelina County and is a Located Between Houston and Nacogdoches

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a double net lease Advance Auto Parts in Lufkin, Texas. The property consists of a 7,000-square-foot, freestanding building that sits on approximately 1.17 acres of land. There are approximately 2.7 years remaining on the current lease term, with rental escalations scheduled in the next options. Advance Auto Parts has operated at this location since 2001. The property has excellent access and visibility on West Frank Avenue, where traffic counts exceed 14,466 vehicles per day. Surrounding retailers in the immediate area include Brookshire’s, O’Reilly Auto Parts, Jack’s, Dairy Queen, Chick-Fil-A, Whataburger, Family Dollar, McDonald’s and many more.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower