Sale of New Construction Advance Auto Parts in Colorado Date October 22, 2025
The Boulder Group has completed the sale of a single tenant new construction Advance Auto Parts property located at 8124 Peony Heights in Colorado Springs, CO for $4,355,000. The Boulder Group’s Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a Colorado-based real estate development company and the purchaser was a local investor in a 1031 exchange.
The brand-new construction property is well-located just east of the heavily trafficked signalized intersection of East Woodman Road and Marksheffel Road. The surrounding area is rapidly expanding with 12.6% projected annual population growth within a mile and is extremely affluent with average annual household income of $175,000. The immediate corridor benefits from substantial automotive synergies with Brakes Plus, Tommy’s Express Car Wash, Quick Quack Car Wash, Big O Tires, Take 5, Maverik, Gerber Collision, Caliber Collision, and 7-Eleven all nearby.
The Advance Auto Parts store opened in September 2025 and features a long-term triple net lease. The lease contains rental increases every five years. Advance Auto Parts is a publicly traded company (NYSE: AAP) with a $3.25 billion market capitalization.
“New construction single tenant properties in Colorado continue to be highly sought after amongst net lease investors and these properties are continuing to command a significant cap rate premium when compared to the rest of the country,” stated Zach Wright, Vice President.
“Demand for well-located single tenant properties with long-term leases is steadily growing as we see increasing amounts of 1031 exchange buyers in the market,” said Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com
PR Contact
Zach Wright 720-604-2220
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