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Advance Auto Parts | Baytown, TX 1722 N Alexander Dr 7,000 SF Retail Building Baytown, TX 77520 $1,583,000 ($226.14/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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,000 SF
- -
- Triple Net
- Apr 2028
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 | 7,000 SF | - | Triple Net | Apr 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1301810010001 | Improvements Assessment | $768,563 |
| Land Assessment | $239,928 | Total Assessment | $1,008,491 |
Property Taxes
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Advance Auto Parts | Baytown, TX | 1722 N Alexander Dr
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