KW Net Lease Advisors is pleased to present the opportunity to acquire an Advance Auto Parts (AAP) that is sub-leased to Thrift City. The original 15-Year NNN Lease was signed in 2005 and expires January 31, 2020 leaving 3 years remaining. AAP vacated in 2011 and Thrift City has been operating at the location since that time. AAP maintains responsible for Taxes, Insurance, Maintenance, Roof, and HVAC for the duration of the lease.
The subject property is located along TX-107 which boasts traffic counts of 20,000+ VPD directly in front of the location. The site is positioned between a Cash America and Aaron’s Rents with numerous other national credit tenants in walking distance (Walgreens, McDonalds, AutoZone, etc.…). The location features easy on/off access to I-2 (66K-80K+ VPD) which is the busiest highway through the valley in South Texas.
The sublease provides an opportunity for an investor to work with Thrift City to extend their lease or to take full advantage of the great location of the real estate and find another tenant to occupy the space after the expiration of the current term.
See all of KW Net Lease Advisors available properties including this Advance Auto Parts subleased to Thirft City in Mission, TX