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Advance Auto Parts 9845 S Mason Rd 6,912 SF Retail Building Richmond, TX 77406 $3,045,239 CAD ($440.57 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Corporate Guaranteed Lease with Established National Tenant
- Direct Proximity to Two Dense Residential Communities
- Affluent, Rapidly Growing Submarket of Houston
- Long-Term Lease with Structured Rental Increases
- Advance Auto Parts Executing National Growth Strategy
- Surrounded by National Retailers & Dense Housing
Executive Summary
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 9845 Mason Road, Richmond, TX 77406. The site consists of roughly 6,912 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Advance Auto Parts is subject to a 15-Year Modified NNN lease, which commenced 8/30/2017. The current annual rent is $145,698 and has scheduled increases of 10% increase in option 1, 8% increases in options 2 & 3.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,912 SF
Building Class
C
Year Built
2017
Price
$3,045,239 CAD
Price Per SF
$440.57 CAD
Cap Rate
6.75%
NOI
$205,554 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 9161-00-001-0060-907 | Improvements Assessment | $1,484,309 CAD |
| Land Assessment | $849,240 CAD | Total Assessment | $2,333,549 CAD |
Property Taxes
Parcel Number
9161-00-001-0060-907
Land Assessment
$849,240 CAD
Improvements Assessment
$1,484,309 CAD
Total Assessment
$2,333,549 CAD
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Advance Auto Parts | 9845 S Mason Rd
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