Advance Auto Parts | Humble, TX
Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,000 SF Advance Auto Parts NNN Asset Located at 1655 First Street East in Humble, TX. This Deal Includes a Triple Net Lease That is Backed By Advance Auto Parts, Also the Lease Includes a 10% Rent Increase During Each Option Period, Providing For a Secured Investment.
- The Lease is Backed By Advance Auto Parts, a Company With an Investment Grade Credit Rating of BBB- From S&P and Baa2 From Moody’s, and $11.3 Billion in Annual Sales For 2023
- Houston Stands as the Largest City in Texas, Boasting a Thriving Population Exceeding 2.3 Million Residents
- Within a 5-Mile Radius, the Area Features a Strong Demographic Profile, Hosting 181,158 Residents With an Average Household Income of $109,769
- The Lease Includes a 10% Rent Increase During Each Option Period
- Premier Leader in the Automotive Aftermarket Parts Industry With Over 4,700 Stores in Operation
- Founded in 1932, Advance Auto Parts Employs Over 65,000 People Nationwide
- Publicly Traded Entity on the New York Stock Exchange (NYSE: AAP)
- The On-Demand Need For Parts By Local Shops and DIY Mechanics Combined With the High Shipping Costs For Batteries and Other Parts Make the Retail Automotive Parts Sector an E-Commerce Proof and Recession Proof Essential Business
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman Lic. TX #644481
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