Tenant: Advance Auto Parts Premises: 6,912 SF Renewal Options: 4 x 5 Years
Lease Expiration: 3/31/32 Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years
Long Term 15 Year Absolute Triple Net (NNN) Lease Commencing in March 2017
Attractive Increases Throughout Lease Term
Four (4) Five (5) Year Options to Renew
Brand New 2017 Construction
Austin MSA with Excellent Demographics in Surrounding Area
Dense Infill Location with High Barriers to Entry
Approximately 3-Miles From “The Domain” Featuring Amazon’s Corporate Office Along with IBM
The Domain has Been Referred to by Many as Austin’s Second Downtown, with 3.5MM SF of Office Space, 1.8MM SF of Retail Space, 5,000 Apartment Units and 775 Hotel Rooms
Less Than 2-Miles From Austin Community College – The College Maintains Numerous Campuses, Centers, and Distance Learning Options to Serve About 100,000 Students in Academic, Continuing Education and Adult Education Programs
Over the Last 5 Years, Austin is the 2nd Fastest Growing Large City in the United States
In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706
Advance Auto Parts, Inc., a leading automotive aftermarket parts provider in North America, serves both professional installer and do-it-yourself customers. As of October 8, 2016, Advance operated 5,058 stores and 127 Worldpac branches and served approximately 1,250 independently owned Carquest branded stores in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. Advance employs approximately 74,000 Team Members.
Advance Auto Parts is the largest automotive aftermarket retailer in the United States based on sales and store count. The company premiered on the Fortune 500 list of companies in 2003 at No. 466 and has remained on the list since that time. As of 2016, it was ranked at No. 1,066 on the Forbes magazine "World's Biggest Public Companies" list.