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Advance Auto Parts 9426 Montana Ave 6,889 SF Retail Building El Paso, TX 79925 $1,748,000 ($253.74/SF) 6.75% Cap Rate
Investment Highlights
- Minimal Landlord Responsibilities: Landlord obligations are limited to structural maintenance only, providing a passive, low-management ownership
- Signalized Hard Corner Location: Positioned at a signalized intersection, offering strong visibility, prominent frontage, and efficient ingress/egress
- Proximity to El Paso International Airport: Situated along Montana Avenue with convenient access to El Paso International Airport
- Texas Tax Advantage: Located in a no state income tax jurisdiction, supporting enhanced after-tax cash flow for investors.
- Dense and Expanding Trade Area: Over 200,000 residents within a five-mile radius, underpinning sustained consumer demand and long-term retail
- Publicly Traded Tenant: Advance Auto Parts is listed on the New York Stock Exchange (NYSE: AAP), providing transparency and institutional-grade report
Executive Summary
Patrick Graham
License # 9005919 (TX), 528005 (TX)
Matthews Real Estate Investment Services, LLC
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $17.13
- Triple Net
- Feb 2033
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 | - | $17.13 | Triple Net | Feb 2033 |
Property Taxes
| Parcel Number | S225-999-0010-4500 | Improvements Assessment | $341,110 |
| Land Assessment | $176,400 | Total Assessment | $517,510 |
Property Taxes
Contacts
-
Dylan Schroeder -
Connor Knauer -
Michael Wolsiefer -
Matthews Real Estate Investment Services
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Advance Auto Parts | 9426 Montana Ave
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