Auto Parts
Advance Auto Parts
9845 Mason Rd, Richmond, TX 77406
Listing Price: $2,775,000
Investment Overview
Advance Auto Parts (NYSE: AAP), headquartered in Raleigh, North Carolina, AAP is the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it yourself customers. As of April 23, 2022, AAP operated 4,687 company-operated stores, 311 Worldpac branches, and serves approximately 1,318 independently owned Carquest branded stores in 49 states, Puerto Rico, the Virgin Islands and Canada. AAP employs approximately 74,000 Team Members. Richmond is a city in and the county seat of Fort Bend County, Texas. Located within the Houston-The Woodlands-Sugar Land metropolitan area, the city is home to an estimated 11,627 residents. The city is situated on the Brazos River, 15 miles southwest of Houston.
Advance Auto Parts
Investment Highlights
- 10 Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
- Eight Percent Rental Increases Every Five Years in Each Renewal Option
- 190,769 Residents Within a Five-Mile Radius - Houston MSA
- Immediate Area is Experiencing Significant Growth - Population and Households Projected to Increase Approximately 30 Percent Within a One-Mile Radius by 2026
- Located Immediately Off Grand Parkway/TX-99 (Over 40,000 Cars per Day), Providing Direct Access to Interstate Freeways 10 and 69
- Adjacent to National Retail Tenants - Kroger, Dollar Tree, Sonic Drive-In, Taco Bell, McDonald's, Walgreens, ALDI, and More
- Affluent Trade Area - Average Household Income Exceeds $152,000 Within One Mile
- Surrounded by New Residential, Commercial, and Retail Developments - New 3.7 Million-Square-Foot Amazon Fulfillment Center Located Five Minutes Away
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,775,000
Investment Highlights
- 10 Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
- Eight Percent Rental Increases Every Five Years in Each Renewal Option
- 190,769 Residents Within a Five-Mile Radius - Houston MSA
- Immediate Area is Experiencing Significant Growth - Population and Households Projected to Increase Approximately 30 Percent Within a One-Mile Radius by 2026
- Located Immediately Off Grand Parkway/TX-99 (Over 40,000 Cars per Day), Providing Direct Access to Interstate Freeways 10 and 69
- Adjacent to National Retail Tenants - Kroger, Dollar Tree, Sonic Drive-In, Taco Bell, McDonald's, Walgreens, ALDI, and More
- Affluent Trade Area - Average Household Income Exceeds $152,000 Within One Mile
- Surrounded by New Residential, Commercial, and Retail Developments - New 3.7 Million-Square-Foot Amazon Fulfillment Center Located Five Minutes Away
Investment Overview
Advance Auto Parts (NYSE: AAP), headquartered in Raleigh, North Carolina, AAP is the largest automotive aftermarket parts provider in North America, serves both the professional installer and do-it yourself customers. As of April 23, 2022, AAP operated 4,687 company-operated stores, 311 Worldpac branches, and serves approximately 1,318 independently owned Carquest branded stores in 49 states, Puerto Rico, the Virgin Islands and Canada. AAP employs approximately 74,000 Team Members. Richmond is a city in and the county seat of Fort Bend County, Texas. Located within the Houston-The Woodlands-Sugar Land metropolitan area, the city is home to an estimated 11,627 residents. The city is situated on the Brazos River, 15 miles southwest of Houston.
Exclusively Listed By
Broker of Record
Financing By
