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Boulder Group Closes Advance Auto Parts Sale North of Austin
The Boulder Group completed the sale of a single-tenant net-leased Advance Auto Parts property located at 3508 N. Main St. in Taylor, TX, north of Austin, for $2,400,000. The firm’s Rabndy Blankstein and Jimmy Goodman represented the seller, a private Southwest real estate investor, and procured the buyer, a West Coast investor in a 1031 exchange.
The 6,912-square-foot property is positioned along Taylor’s primary retail thoroughfare, North Main Street. Big box retailers in the area include Walmart, Tractor Supply, H-E-B, McCoy’s Building Supply and Harbor Freight Tools. These big boxes are accompanied by dozens of QSR tenants including Jack in the Box, McDonald’s, Burger King, Whataburger, Taco Bell and others.
“Long-term leases to investment grade tenants, like Advance Auto Parts, continue to trade regularly,” said Blankstein, president of The Boulder Group. Partner Goodman added, “Investors gravitate towards tax-free states like Texas.”
- ◦Sale/Acquisition
