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229 S Main St
Lumberton, TX 77657
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Previous extension by Advance was for eight years, showing a commitment to the site
- Large parcel of 1.07 acres with ample parking and multiple access points
- Advance Auto Parts is one of the nation’s top automotive parts providers with more than $11.2 billion in total net sales for FY2022
- Lease guaranteed by Advance Stores Company, Inc. (NYSE:AAP) with a strong investment grade rating of BBB-(S&P)
- Minimal landlord responsibilities – tenant responsible for taxes, insurance, utilities, and maintenance
- Below average rents for national auto parts tenants
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Property Taxes
| Parcel Number | 005320-000020 | Improvements Assessment | $213,969 |
| Land Assessment | $139,305 | Total Assessment | $353,274 |
Property Taxes
Parcel Number
005320-000020
Land Assessment
$139,305
Improvements Assessment
$213,969
Total Assessment
$353,274
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