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9845 S Mason Rd
Richmond, TX 77406
Advance Auto Parts · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease with Established National Tenant
- Direct Proximity to Two Dense Residential Communities
- Affluent, Rapidly Growing Submarket of Houston
- Long-Term Lease with Structured Rental Increases
- Advance Auto Parts Executing National Growth Strategy
- Surrounded by National Retailers & Dense Housing
Executive Summary
Surmount is pleased to present the exclusive listing for an Advance Auto Parts located at 9845 Mason Road, Richmond, TX 77406. The site consists of roughly 6,912 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Advance Auto Parts is subject to a 15-Year Modified NNN lease, which commenced 8/30/2017. The current annual rent is $145,698 and has scheduled increases of 10% increase in option 1, 8% increases in options 2 & 3.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,912 SF
Building Class
C
Year Built
2017
Price
$2,158,489
Price Per SF
$312.28
Cap Rate
6.75%
NOI
$145,698
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Property Taxes
| Parcel Number | 9161-00-001-0060-907 | Improvements Assessment | $1,058,761 |
| Land Assessment | $605,765 | Total Assessment | $1,664,526 |
Property Taxes
Parcel Number
9161-00-001-0060-907
Land Assessment
$605,765
Improvements Assessment
$1,058,761
Total Assessment
$1,664,526
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