3200 Mansfield Hwy | Forest Hill, TX 76119
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This Retail Property is no longer advertised on LoopNet.com.
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
- Freestanding
- General Retail Auto Repair
- General Retail Bank
- General Retail Storefront
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 |
Multiple
|
Improvements Assessment | $3,622,265 |
Land Assessment | $292,749 | Total Assessment | $3,915,014 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 06191258
- 06191231
Land Assessment
$292,749
Improvements Assessment
$3,622,265
Total Assessment
$3,915,014
Learn More About Investing in Retail Properties
Listing ID: 23688894
Date on Market: 7/15/2021
Last Updated:
Address: 3200 Mansfield Hwy, Forest Hill, TX 76119
The Retail Property at 3200 Mansfield Hwy, Forest Hill, TX 76119 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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