Listed by Trinity Real Estate Investment Services
$2,465,485
Advance Auto Parts
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 15,544
Cap Rate 7%
NOI $172,584
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type Absolute NNN
Lease Term 39.9
Lease Expiration 07/31/2028
Remaining Term 2.1
Rent Bumps Yes
Lease Options One (1), 5-Year; 7%
Price per SqFt $159
Year Built 1988
Acreage 1.140
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/1988
Ground Lease No
Retail | 7.0% CAP | 15,544 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire an Advance Auto Parts in Amarillo, TX. This property features a rare Absolute NNN lease with zero landlord responsibilities, offers more than two years remaining on the current term, and is backed by a long‑operating tenant established in 1988, demonstrating decades of proven stability and commitment to the location.
Property Website: https://trinityreis.com/listing/1805-s-grand-st/
Investment highlights
- Advance Auto Parts in Amarillo, TX With 2+ Years Remaining on Current Term
- Long‑Operating Tenant Established in 1988 Demonstrating Decades of Proven Stability and Commitment to the Location
- Rare Absolute NNN Lease – Zero Landlord Responsibilities
- Highly Visible Frontage on S Grand St With 16,000+ Vehicles Passing Daily, Easy Access From I-40 Boasting 54,000+ VPD
- Convenient Ingress/Egress and Parking Designed to Maximize Customer Convenience and Operational Efficiency
- Outparcel to Walmart Supercenter Directly Across From Ross‑Anchored Shopping Plaza
- Densely Populated 5‑Mile Trade Area With 107,000+ Residents, Supported by Nearby Neighborhoods and Retail Driving Repeat Traffic
- Priced Below Replacement Cost at $158 per Square Foot
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$172,584.00
$14,382.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
LC CommercialSpecial CommercialLight Commercial
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View all 231 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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