Net Lease AAP Sale Arranged Date September 8, 2021
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net lease AAP (Advance Auto Parts) property located at 3508 North Main Street in Taylor, Texas for $2,400,000.
The 6,912 square foot net lease AAP property is positioned along Taylor’s primary retail thoroughfare, North Main Street (19,642 VPD). Big box retailers in the area include Walmart, Tractor Supply, H-E-B, McCoy’s Building Supply, and Harbor Freight Tools. Big boxes are accompanied by dozens of QSR tenants including Jack in the Box, McDonald’s, Burger King, Whataburger, Taco Bell, and more. The site has effortless access to US Highway 79 (22,457 VPD). 18,258 people live within five miles of the property earning an average annual income of $73,926. The city of Austin is less than 35 minutes south of the Advance Auto Parts site. Austin, Texas has seen 29.8% population increase since 2010.
Advance Auto Parts, Inc. (Advance) is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves both professional installer and do-it-yourself (DIY) customers. As of July 13, 2019, Advance operated 4,912 stores in the United States.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a private southwest real estate investor. The buyer was based in the west coast and in a 1031 exchange.
“Long term leases to investment grade tenants, like Advance Auto Parts, continue to trade regularly,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Investors gravitate towards tax-free states like Texas.”
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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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. www.bouldergroup.comBack