The Boulder Group Arranges $1.98M Sale of Advance Auto Parts in Metro Austin

TAYLOR, TEXAS — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single-tenant new construction Advance Auto Parts property located at 3508 N. Main Street in Taylor, for $1.98 million. The brand-new Advance Auto Parts building is located across the street from a Walmart Supercenter-anchored development. The property is positioned along the area’s primary north-south thoroughfare. Retailers located in the immediate vicinity to the property include HEB, Walgreens, CVS and Chase Bank. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a southeast-based commercial real estate developer, in the transaction. The buyer was a private individual based in the southwest who utilized a 1031 exchange. Advance Auto Parts has 15 years remaining on their absolute net lease. The lease features 5 percent rental escalations in each renewal option period. Advance Auto Parts is an investment grade rated tenant with a Standard & Poor’s rating of BBB-.