229 S Main St - Freestanding FOR SALE
Lumberton, TX 77657 |
229 S Main St
Lumberton, TX 77657
HIGHLIGHTS
- Previous extension by Advance was for eight years, showing a commitment to the site
- Lease guaranteed by Advance Stores Company, Inc. (NYSE:AAP) with a strong investment grade rating of BBB-(S&P)
- Large parcel of 1.07 acres with ample parking and multiple access points
- Minimal landlord responsibilities – tenant responsible for taxes, insurance, utilities, and maintenance
- Advance Auto Parts is one of the nation’s top automotive parts providers with more than $11.2 billion in total net sales for FY2022
- Below average rents for national auto parts tenants
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
7000
STORIES
1
YEAR BUILT
2002
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
005320-000020
