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Auto Parts

Advance Auto Parts

1821 W Mt Houston Rd, Houston, TX 77038

Listing Price: $1,548,000

Cap Rate
6.20%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
7.2
Guarantor
Corporate Guarantee
Rentable SF
6,943
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.83

Investment Overview

The subject investment is an Advance Auto Parts located near the intersection of West Houston Road and Veterans Memorial Drive in Houston, TX. The 15 year, triple-net lease commenced in 2006. The tenant exercised a five year renewal early, extending the lease term to 10/31/2026 with two remaining five-year renewal options. The lease is triple-net with landlord responsibilities limited to structure. West Memorial Drive (SR 249) has 43,000+ vehicles per day. The property is located between McDonald’s and Burger King adjacent to Walgreens at the signalized intersection. Nearby retail includes Fiesta Mart Shopping Center adjacent from the intersection. I-45 highway is one mile east.

Investment Highlights

  • Triple-net lease with landlord responsibilities limited to structure
  • 5% rent increases in each option period
  • Strategically positioned between Burger King and McDonald's - CVS and Walgreen's on adjacent lots

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

Listing Price: $1,548,000

Cap Rate
6.20%
Tenant Name
Advance Auto Parts
Years Remaining On Lease
7.2
Guarantor
Corporate Guarantee
Rentable SF
6,943
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.83

Investment Highlights

  • Triple-net lease with landlord responsibilities limited to structure
  • 5% rent increases in each option period
  • Strategically positioned between Burger King and McDonald's - CVS and Walgreen's on adjacent lots

Investment Overview

The subject investment is an Advance Auto Parts located near the intersection of West Houston Road and Veterans Memorial Drive in Houston, TX. The 15 year, triple-net lease commenced in 2006. The tenant exercised a five year renewal early, extending the lease term to 10/31/2026 with two remaining five-year renewal options. The lease is triple-net with landlord responsibilities limited to structure. West Memorial Drive (SR 249) has 43,000+ vehicles per day. The property is located between McDonald’s and Burger King adjacent to Walgreens at the signalized intersection. Nearby retail includes Fiesta Mart Shopping Center adjacent from the intersection. I-45 highway is one mile east.

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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