Advance Auto - Fort Worth, TX

SINGLE TENANT NNN LEASED INVESTMENT

ADVANCE AUTO PARTS Fort Worth, TX

BLAKE D. FEDERINKO

MICHAEL A. JENKINS

BRANDI M. HO

 360.823.5111

 360.823.5102

 360.823.5112

 Blake@MAJCRE.com

 Mike@MAJCRE.com

 Brandi@MAJCRE.com

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6727 NE Vancouver Mall Drive – Vancouver, WA

CONFIDENTIALITY DISCLAIMER This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the MAJ Commercial Real Estate affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

TABLE OF CONTENTS Lease Summary

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Property Summary

6

Rent Roll

8

Operating Statement

9

Demographics

11

Surrounding Retailers

12

Fort Worth, TX

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Advance Auto Parts I Fort Worth, TX

MAJ COMMERCIAL REAL ESTATE MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Fort Worth, TX. The property is leased to Advance Auto Parts and has approximately 8+-Years remaining on the initial term. The site is ideally located on the corner of a controlled intersection on Jacksboro Highway which has a traffic count of over 29,000 vehicles per day. Advance Auto Parts is located directly across from Walmart Supercenter and is in high barriers to entry market. Some of the surrounding businesses include Jack in the Box, Whataburger, McDonalds, KFC, Wells Fargo, Panda Express, CVS and much more.

Advance Auto Parts | Fort Worth, TX

Lease Summary PROPERTY ADDRESS: 2224 Jacksboro Highway Forth Worth, Texas 76114 GUARANTOR: Advance Auto Parts Corporate OWNERSHIP TYPE: Fee Simple

LEASE GUARANTOR: Advance Auto Parts Corporate CREDIT RATING: BBBNUMBER OF LOCATIONS: ±5,200 HEADQUARTERS: Raleigh, NC

TERM: 8+ Years Remaining EXTENDED TERMS: 4, 5-Year Options LEASE TYPE: NNN LEASE EXPIRATION: May 31, 2030 LANDLORD RESPONSIBLE: Structure

WEBSITE: www.Shop.AdvanceAuto.com

Advance was founded in 1932 when Arthur Taubman purchased a small chain of home and auto supply stores in Roanoke, VA. At that time, they were known as Advance Stores and sold a wide variety of merchandise, including appliances, televisions and toys.

The following years provided big growth for Advance Auto Parts. Not only was the company growing, but Advance also underwent acquisitions with Western Auto Supply Company/Parts America and Discount Auto Parts. Later, Advance acquired a family of brands, including Autopart International, Carquest Auto Parts, and WORLDPAC, which would position them to be a leading automative aftermarket parts provider.

Advance operates over 5,200 stores in the United States, Canada, Puerto Rico, and Virgin Islands, as well as 50 Distribution Centers throughout the US and Canada that provide service to all of their store locations.

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Advance Auto Parts I Fort Worth, TX

Property Summary 2224 Jacksboro Highway Fort Worth, Texas 76114

ADDRESS

TENANT

Advance Auto Parts

LEASE TYPE

NNN

YEAR BUILT

2015

BUILDING SIZE

LAND SIZE

±7,300 SF

±1.53 Acres

CONSTRUCTION

Masonry

Investment Highlights

 Income Tax Free State

High Barriers to Entry Market

Fourth Largest MSA in the United States

Advance Auto Parts | Fort Worth, TX

$3,120,000 PRICE

5.25% CAP

SAVE AT THE PUMP: ADVANCE AUTO PARTS LAUNCHES GAS REWARDS WITH SHELL For every $50 spent at Advance store locations or online at AdvanceAutoParts.com, Speed Perks members will receive 5 cents off per gallon on any single gas purchase at participating Shell stations. The more you spend at Advance, the more you save on gas. For example, members who spend $250 at Advance are now rewarded with savings of 25 cents per gallon on any single trip to the pump. Motorists can sign up for Speed Perks on Advance’s website or mobile app.

Existing Speed Perks members are automatically enrolled in the program. source: https://ir.advanceautoparts.com/investors/news-and-events/pressreleases/press-release-details/2022/Save-at-the-Pump-Advance-Auto-PartsLaunches-Gas-Rewards-with-Shell/default.aspx

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CLICK HERE TO ENTER STREET VIEW

TAXES

TENANT RESPONSIBLE

INSURANCE

TENANT RESPONSIBLE

CAMs

TENANT RESPONSIBLE

UTILITIES

TENANT RESPONSIBLE

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Advance Auto Parts I Fort Worth, TX

Rent Roll LEASE YEAR

ANNUAL

MONTHLY

1-15

$163,836

$13,653.00

First Option Period

16-20

$172,027.8

$14,335.65

Second Option Period

21-25

$180,629.16

$15,052.43

Third Option Period

26-30

$189,660.6

$15,805.05

Fouth Option Period

31-35

$199,143.72

$16,595.31

Initial Term

8±Years Remaining on Initial Term

 4, 5-Year Options

 NNN

Lease Type

Advance Auto Parts | Fort Worth, TX

LESS OPERATING EXPENSES CAMs

Tenant

Property Taxes

Tenant

Insurance

Tenant

TOTAL EXPENSES

$0.00

$163,836



NET OPERATING INCOME

5.25%



 $163.836 SCHEDULED INCOME

CAP

 $3,120,000 SALE PRICE

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Advance Auto Parts I Fort Worth, TX

D) VP 6 8

8,6

(11

Fort Worth Meacham International Airport

SUBJECT PROPERTY

Burger’s Lake

199

(2

9, 17 0

VP D

)

(120,000 VPD)

Colonial Country Club

(168,654 VPD)

Ridglea Country Club

Advance Auto Parts | Fort Worth, TX

Demographics 



POPULATION

AVG HOUSEHOLD SIZE

2,597

4,881

1 mile

5,289

3 mile

2.6

5 mile

3.0

1 mile

3 mile

2.9

5 mile





MEDIAN AGE

AVG HOUSEHOLD INCOME

37.7 1 mile

39.0 3 mile

39.1

$57,557

5 mile

$67,269

1 mile

3 mile

$69,520 5 mile

BUSINESS 



TOTAL BUSINESSES

TOTAL EMPLOYEES

151

1 mile

206 3 mile

219

880

5 mile

1 mile

1,538 3 mile

1,687 5 mile

INCOME



$24,916



PER CAPITA INCOME 5 mile

 AVG HOUSEHOLD INCOME

$57,557 1 mile

$67,269 3 mile

$69,520 5 mile

$110,949

MEDIAN NET WORTH 5 mile

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Advance Auto Parts I Fort Worth, TX

Surrounding Retailers

Advance Auto Parts | Fort Worth, TX

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Advance Auto Parts I Fort Worth, TX

Fort Worth, TX Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into four other counties: Denton, Parker, Wise, and Johnson. According to the 2020 U.S. census, Fort Worth’s population was 918,915. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth-most populous metropolitan area in the United States.

The city of Fort Worth was established in 1849 as an army outpost on a bluff overlooking the Trinity River. Fort Worth has historically been a center of the Texas Longhorn cattle trade. It still embraces its Western heritage and traditional architecture and design. USS Fort Worth (LCS-3) is the first ship of the United States Navy named after the city. Nearby Dallas has held a population majority as long as records have been kept, yet Fort Worth has become one of the fastest-growing cities in the United States in recent years, particularly in the 21st century, nearly doubling its population since 2000.

Advance Auto Parts | Fort Worth, TX

Fort Worth is the location of the Van Cliburn International Piano Competition and several museums designed by contemporary architects.

The Kimbell Art Museum was designed by Louis Kahn, with an addition designed by Renzo Piano. The Modern Art Museum of Fort Worth was designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, houses American art. The Sid Richardson Museum, redesigned by David M. Schwarz, has a collection of Western art in the U.S., emphasizing Frederic Remington and Charles Russell. The Fort Worth Museum of Science and History was designed by Ricardo Legorreta of Mexico.

Fort Worth is the location of several university communities: Texas Christian University, Texas Wesleyan, University of North Texas Health Science Center, and Texas A&M University School of Law. Several multinational corporations, including Bell Textron, American Airlines, BNSF Railway, and Chip 1 Exchange are headquartered in Fort Worth.

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ADVANCE AUTO PARTS FORT WORTH, TX

EXCLUSIVELY MARKETED BY: BLAKE D. FEDERINKO  360.823.5111  Blake@MAJCRE.com

MICHAEL A. JENKINS  360.823.5102  Mike@MAJCRE.com

BRANDI M. HO  360.823.5112  Brandi@MAJCRE.com