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Advance Auto Parts | Baytown, TX 1722 N Alexander Dr 7,000 SF Retail Building Baytown, TX 77520 $2,180,583 CAD ($311.51 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Advance Auto Parts is one of the largest automotive aftermarket retailers in the U.S., with more than 4,800 locations nationwide.
- The NNN lease structure provides fully passive ownership, with the tenant responsible for taxes, insurance, and all maintenance, including roof and st
- Offered at $1.583M, the asset provides an attractive price point and above-average yield compared to typical net lease investments.
- The property has successfully operated as an Advance Auto Parts since 2007, with a recent five-year lease extension and three additional five-year ren
- The property benefits from its location within the Houston MSA, the 5th largest metro in the U.S., supported by strong economic and population growth.
- The site offers excellent visibility along a major corridor with over 25,000 vehicles per day and strong surrounding demographics exceeding 82,000 res
Executive Summary
CBRE is pleased to exclusively present for sale this Advance Auto Parts property located at 1722 N Alexander Dr Baytown, TX 77520. The site has been a trusted location for Advance Auto Parts since 2007 and offers a completely passive investment opportunity with no landlord responsibilities or expenses under a triple net lease structure. Advance Auto Parts is one the largest and well-known brands in the auto parts retailer industry in the nation with over 4,800 locations. The subject property features durable, low-maintenance construction, designed specifically to meet Advance Auto Parts’ operational requirements.
Positioned on North Alexander Drive, a vital corridor connecting Highways 99 (29,620 VPD) and 146 (50,234 VPD), the site offers outstanding visibility in a bustling retail hub, with 25,239 vehicles passing by daily. This prime location benefits from a thriving local demographic, including a population exceeding 82,000 and average household incomes surpassing $85,000 within a 5-mile radius. As part of the Houston MSA—the 5th largest in the U.S.—Baytown benefits from consistent economic drivers that include industries such as energy, healthcare, and aerospace that fuel population and income growth as well as appreciation of real estate values.
Situated in Texas, one of the few states in the nation that with no state income tax, the property is an attractive target for sophisticated investors looking to shelter more of their income. Its prime location, long operational history, and strong tenant credit make it a highly attractive investment with stable, long-term income potential.
Positioned on North Alexander Drive, a vital corridor connecting Highways 99 (29,620 VPD) and 146 (50,234 VPD), the site offers outstanding visibility in a bustling retail hub, with 25,239 vehicles passing by daily. This prime location benefits from a thriving local demographic, including a population exceeding 82,000 and average household incomes surpassing $85,000 within a 5-mile radius. As part of the Houston MSA—the 5th largest in the U.S.—Baytown benefits from consistent economic drivers that include industries such as energy, healthcare, and aerospace that fuel population and income growth as well as appreciation of real estate values.
Situated in Texas, one of the few states in the nation that with no state income tax, the property is an attractive target for sophisticated investors looking to shelter more of their income. Its prime location, long operational history, and strong tenant credit make it a highly attractive investment with stable, long-term income potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2007
Price
$2,180,583 CAD
Price Per SF
$311.51 CAD
Cap Rate
7.25%
NOI
$158,097 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.92 AC
Zoning
None
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,000 SF
- -
- Triple Net
- Apr 2028
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 7,000 SF | - | Triple Net | Apr 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1301810010001 | Improvements Assessment | $1,068,072 CAD |
| Land Assessment | $333,428 CAD | Total Assessment | $1,401,500 CAD |
Property Taxes
Parcel Number
1301810010001
Land Assessment
$333,428 CAD
Improvements Assessment
$1,068,072 CAD
Total Assessment
$1,401,500 CAD
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Advance Auto Parts | Baytown, TX | 1722 N Alexander Dr
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