3200 Mansfield Hwy | Forest Hill, TX 76119
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- LoopNet Team
3200 Mansfield Hwy
Forest Hill, TX 76119
Advance Auto Parts & PL$ Financial Services · Retail Property For Sale
Investment Highlights
- Investment Grade Credit Tenant - Advance Auto Parts (NYSE: AAP) is the largest auto parts retailer in the country with over 5,200 locations
- No Income Tax State - Texas is one of several states with no state income tax.
- Long-Term Lease - Advance Auto Parts has over 9.5 years remaining on a NNN lease with four (4) , 5-year options. In addition, there are 10% rent bumps
- Strong Corporate Guarantees - Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider headquartered in Raleigh, N.C., 2020 revenue
- Limited Landlord Responsibilities - Both Advance Auto Parts and PLS Financial Services are on NNN leases with minimal landlord responsibilities
- Ample Parking on Large Lot - The property sits on a 1.46 acre lot with ample parking spaces, approximately 50.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.88 AC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,219,322 | |
| Land Assessment | $421,822 | Total Assessment | $5,641,144 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$421,822
Improvements Assessment
$5,219,322
Total Assessment
$5,641,144
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