Richmond, TX 77406

Advance Auto Parts

Property Address

9845 Mason Road, Richmond, TX, USA

Offering Summary

  • Price: $2,675,000
  • Lot Size: .906 Acres
  • Cap Rate: 5.45%
  • Year Built: 2016
  • Building SF: 6,912
  • Status: Available
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  • 9 Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
  • Eight Percent Rental Increases Every Five Years in Each Renewal Option
  • 190,769 Residents within a Five-Mile Radius - Houston MSA
  • Immediate Area is Experiencing Significant Growth - Population and Households Projected to Increase Approximately 30 Percent within a One-Mile Radius by 2026
  • Located Immediately Off Grand Parkway/TX-99 (40,000+ Cars/Day), Providing Direct Access to Interstate Freeways 10 and 69
  • Adjacent to National Retail Tenants - Kroger, Dollar Tree, Sonic Drive-In, Taco Bell, McDonald’s, Walgreens, ALDI, and More
  • Affluent Trade Area - Average Household Income Exceeds $152,000 within One Mile
  • Surrounded by New Residential, Commercial, and Retail Developments - New 3.7 Million SF Amazon Fulfillment Center Located Five Minutes Away
  • 80 Percent of Households within a Three-Mile Radius have Two or More Vehicles

Broker Information