Advance Auto Parts

505 Veterans Boulevard, Del Rio, TX
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 10 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
7,000 SF
Rent Increases:
10% increase in Options
Site Size:
.93 Acres

Investment Highlights

  • Early Lease Renewal: Advance Auto Parts recently signed a new 10-year lease emphasizing their commitment to the site.
  • Commitment: Advance Auto Parts has been operating at this location for over 18 years, showing unwavering dedication to this site.
  • Limited Landlord Responsibilities: Tenant assumes financial obligations of for Property Tax, Insurance, and maintenance while landlord retains responsibility for the structure, minimizing overall responsibilities.
  • No Income Tax State: Texas is one of several states with no state income tax.
  • Competition: This is the only Advance Auto within the Del Rio market.
  • Strong Corporate Guarantee: Advance Auto Parts (NYSE: AAP) is a leading auto parts retailer in the country with over 5,200 locations and an investment grade credit rating of BBB- (S&P) .

Listing Agents

Dorothy Lee

Vice President
626 236 3823
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Broker Of Record:  Kyler Bean, Lic: 646910

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