1600 S Fort Hood St
Killeen, TX 76542

The subject property, Advance Auto Parts (AAP), is located in Killeen, TX across IH-14 from Fort Hood military base . Killeen is 60 miles north of Austin. The 7,000 square feet building fronts South Fort Hood Street next to a Family Dollar store and is situated on .816 acres of land. The original lease term was for 10 years commencing in January 2001 . AAP exercised their first five-year option which expired in December 201 5. Instead of exercising their second five-year option, they amended the lease and extended the second option lease term for seven years . In addition, they also negotiated two additional five-year options, 1/1/23 - 12/31/27 and 1/1/28 - 12/31/32, showing their long-term commitment to this location. The landlord is responsible for roof, structural walls, foundation, and parking lo t. The tenant reimburses for real estate taxes, pays insurance direct, and is responsible for all other maintenance. Current rent is a low $10 per square foot. Fort Hood is the only post in the United States capable of stationing and training two armored divisions. Fort Hood is a 340 square mile installation . There are approximately 42,000 army personnel stationed at the base. AAP was founded in 1929. At the end of 2017, AAP operated 5,054 store s. The average size of an AAP store is approximately 7 ,500. The company serves aftermarket auto part needs for domestic and import vehicles. AAP's total net sales for 2017 were $9.37 billion. Adjusted earnings per share were $5.37. The S&P Rating is BBB-.