Advance Auto Parts - Humble, TX | 1655 1st St E
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Advance Auto Parts - Humble, TX 1655 1st St E
7,000 SF Retail Building Humble, TX 77338 £1,414,969 (£202/SF) 7.60% Net Initial Yield
Investment Highlights
- The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P & Baa2 From Moody's
- Within a 5-Mile Radius, the Area Features a Strong Demographic Profile, Hosting 181,158 Residents
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Houston Stands as the Largest City in Texas, Boasting a Thriving Population Exceeding 2.3 Million Residents
- The Lease Includes a 10% Rent Increase During Each Option Period
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts Located at 1655 First Street East in Humble, TX. This Deal Includes a Triple Net Lease That is Backed By Advance Auto Parts, Also the Lease Includes a 10% Rent Increase During Each Option Period, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman Lic. TX #644481
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
£1,414,969
Price Per SF
£202
Net Initial Yield
7.60%
NOI
£107,538
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
3.59 AC
Zoning
C - Commercial
Parking
3.29 Spaces per 1,000 SF Leased
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 7,000 SF
- £15.36
- NNN
- Sep 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 7,000 SF | £15.36 | NNN | Sep 2027 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1293340010001 | Improvements Assessment | £543,492 |
| Land Assessment | £190,703 | Total Assessment | £734,195 |
PROPERTY TAXES
Parcel Number
1293340010001
Land Assessment
£190,703
Improvements Assessment
£543,492
Total Assessment
£734,195
Contacts
-
Jack Liberatore -
Clifton McCrory -
Adam Scherr -
Daniel Hoogesteger -
Max Freedman -
Sands Investment Group
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Advance Auto Parts - Humble, TX | 1655 1st St E
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