12611 Market St
Houston, TX 77015
Advance Auto Parts: Houston, TX · Retail Property For Sale

• Tenant: The Tenant under the lease is Advance Stores Company, Inc. (S&P: BBB-) and Straus-Frank Enterprises, LLC, a subsidiary of Advance Auto Parts, Inc. Through its subsidiaries, Advance Auto Parts, Inc. operates as a specialty retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. Advance Auto Parts reported 2017 revenues of $9.4B and net income in excess of $475M. The company employs approximately 74,000 people and operates 6,378 stores across 49 states in the United States, Puerto Rico and the Virgin Islands. • Long-Term Net Lease: Advance Auto Part’s 15-year net lease has ±14.2 years of primary term remaining and contains minimal landlord responsibilities. Further, the lease includes 5% increases in each of three 5-year options to renew. • Excellent Access/Visibility: The property features excellent accessibility along Market Street (Traffic Count: 14,820 VPD), just one parcel inset from the signalized intersection of Market Street and Federal Road (Traffic Count: 37,730 VPD). Advance Auto Parts benefits from its position within the area’s primary retail and commercial corridor, just South of Interstate 10 (Traffic Count: 190,808 VPD), which provides access to downtown Houston (9.8 miles to the West).