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- LoopNet Team
5817 Antoine Dr
Houston, TX 77091
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Advance Auto Parts is rated “BBB-“ by Standard & Poor’s making them an investment grade credit tenant with over 5,000 stores nationwide
- Advance Auto Parts is approximately 5 miles from downtown Houston, TX and has been successfully operating in this location since 2008
- Located at the intersection of Antoine Drive and W Tidewell Rd with excellent visibility and access for the combined 43,000+ vehicles per day passing
- Densely populated area with over 358,000 people and average household incomes over $74,000 within a 5 mile radius of the site
- Texas is a no income tax state and the build-to-suit vs. ground lease structure offers the landlord tax shelter through depreciation
- Scheduled rental increases in each of the upcoming three, five year option periods to renew
Property Facts
Amenities
- Pylon Sign
- Signage
About 5817 ANTOINE DR , HOUSTON, TX 77091
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Advance Auto Parts property located on Antoine Drive in Houston, Texas. Advance Auto Parts has been operating here since 2008 and currently has 4 years remaining in its initial 15 year lease term. There are 5% rental increases in each of the three, five year options to renew. The lease is corporately guaranteed by Advance Auto Parts, rated “BBB-“ by Standard & Poor’s making them an investment grade credit tenant with over 5,000 stores nationwide. This is a high yield, passive investment with little to no landlord responsibilities coupled with an above-average yield and low price point for a net-lease investment. This 6,124 square foot Advance Auto Parts is situated on Antoine Drive with excellent access and visibility for the 30,000 vehicles traveling by daily. The property features high-quality block-on-block construction which creates a longer-lasting building with little to no deferred maintenance. The site is also located approximately 1 mile from the interchange of US 290-Hov Freeway and Pinemont Dr. with traffic counts exceeding 166,000 vehicles per day. This is a densely populated area with over 17,000 people within 1 mile, over 133,000 people within 3 miles and over 358,000 people within 5 miles. Advance Auto Parts is also located approximately 5 miles from downtown Houston, TX. Houston is currently the 5th largest MSA in the nation, has experienced population growth over the last 5 years and is projected to continue growing through 2024. Texas is a no income tax state and the build-to-suit vs. ground lease structure offers the landlord tax shelter through depreciation.
Property Taxes
| Parcel Number | 1071680000003 | Improvements Assessment | $753,904 |
| Land Assessment | $515,070 | Total Assessment | $1,268,974 |
Property Taxes
