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Advance Auto Parts 12518 Hwy 44 6,758 SF Retail Building Gonzales, LA 70737 $1,088,505 ($161.07/SF) 7.75% Cap Rate
Investment Highlights
- Absolute NNN lease with ±7.5 years remaining and zero landlord responsibilities.
- Corporate guaranteed lease by Advance Stores Company, Inc. (S&P BB).
- 5-mile population of ±91,940 and average household income of $118,856.
- Attractive 7.75% cap rate and $84,359 annual NOI for stable cash flow.
- ±6,758 SF building on Highway 44 with ±19,000 vehicles per day.
- Advance Auto Parts is a national brand with over 4,700 locations.
Executive Summary
Jarreau Real Estate
License # - BROK.995704351-CORP, BROK.32688-ACT (LA)
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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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 End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 03521-240 | Improvements Assessment | $57,900 |
| Land Assessment | $23,860 | Total Assessment | $81,760 |
Property Taxes
Presented by
Advance Auto Parts | 12518 Hwy 44
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