Advance Auto Parts | Baytown, TX
NNN Lease | TX No Income Tax | 18yr. Operating History with Renewals | Houston MSA
Marketing description
CBRE is pleased to exclusively present for sale this Advance Auto Parts property located at 1722 N Alexander Dr Baytown, TX 77520. The site has been a trusted location for Advance Auto Parts since 2007 and offers a completely passive investment opportunity with no landlord responsibilities or expenses under a triple net lease structure. Advance Auto Parts is one the largest and well-known brands in the auto parts retailer industry in the nation with over 4,800 locations. The subject property features durable, low-maintenance construction, designed specifically to meet Advance Auto Parts’ operational requirements.
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.
Investment highlights
DOMINANT NATIONAL BRAND
Advance Auto Parts is one of the largest and most recognized automotive aftermarket retailers in the nation, operating more than 4,800 locations nationwide.
ESTABLISHED & SUCCESSFUL LOCATION
The subject property has served as a trusted Advance Auto Parts location in Baytown since 2007, demonstrating long-term stability at the site. The tenant’s commitment to the location is further evidenced by a recent five-year lease extension, with three additional five-year renewal options remaining thereafter.
TOTALLY PASSIVE OWNERSHIP
Under the NNN lease, Advance Auto Parts is responsible for taxes, insurance, and maintenance—including roof and structure—resulting in zero landlord obligations and a fully passive, management-free investment.
HOUSTON MSA
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.
TAX BENEFITS
Texas is one of the few states in the nation that has no state income tax, making it an attractive target for sophisticated investors looking to shelter more of their income.
SMALL PRICE POINT WITH YIELD
Offered at $1.583M with a higher-than-average yield vs typical net-leased properties the subject property appeals to buyers looking for an affordable and financeable passive investment property.
EXCELLENT VISIBILITY AND TRAFFIC COUNTS
Positioned on North Alexander Drive, a key connecting corridor between Highways 99 (29,620 VPD) and 146 (50,234 VPD), the site boasts excellent visibility in a high-traffic retail hub, attracting 25,239 vehicles daily.
ROBUST DEMOGRAPHICS
Located in a thriving area with a population density exceeding 82,000 and average household incomes over $85,000 within a 5-mile radius, the property and location are supported by exceptional consumer demand.
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