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Advance Auto Parts 1701 W Frank Ave 7,000 SF Retail Building Lufkin, TX 75904 $1,406,550 CAD ($200.94 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Commitment to Location: Advance Auto Parts recently reaffirmed its commitment to this location by executing a 7-year lease extension
- Tax-Free Advantage: Located in Texas, the asset benefits from the state’s lack of personal income tax, enhancing after-tax investment returns.
- Signalized Hard Corner with Retail Synergy: The property is surrounded by complementary credit retailers (Brookshire Brothers, Chick-Fil-A, McDonald’s
- Established Operating History: The tenant has operated continuously at this site since 2002, demonstrating 24 years of proven performance
- High-Performing Store: This location ranks in the 75th percentile of all Advance Auto Parts stores nationwide (per Alpha Maps)
- Dense and Growing Population: With approximately 50,000 residents within a 5-mile radius, the area provides a robust customer base and strong demand
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $14.28 CAD
- Triple Net
- Dec 2024
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $14.28 CAD | Triple Net | Dec 2024 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 89703 | Improvements Assessment | $418,341 CAD |
| Land Assessment | $248,736 CAD | Total Assessment | $667,077 CAD |
PROPERTY TAXES
CONTACTS
-
Dylan Schroeder -
Connor Knauer -
Michael Wolsiefer -
Matthews Real Estate Investment Services
Presented by
Advance Auto Parts | 1701 W Frank Ave
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