Advance Auto Parts
12516 Highway 44, Gonzales, LA 70737
Call to check price and availability
NNN leased investment property with a corporate guarantee.
Type:RETAIL
Property size:
6,758 SFPrice / SF:
$161/SF- Added:
- Apr 28, 2026
- Days on Market:
- 32
- Last Refresh:
- May 8 at 3:39 am
Property Features for 12516 Highway 44
General Information
- Standard status
- Active
- Size
- 6,758 SF
- Property subtype
- RETAIL
Listing agent Josh Bishop (315) 730-6228
Listing office Matthews Real Estate Investment Services | Dallas (315) 730-6228
Listing date Apr 28, 2026
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
HighLights
- Brand new 15‑year lease signed in 2020 by Advance Auto Parts.
- Corporate guaranteed lease by Advance Stores Company, Inc. (S&P Rated BB).
- Attractive 7.75% cap rate for a stabilized investment.
- Rare Absolute NNN lease for Advance Auto Parts.
- Essential retailer with consistent operations and rent payments.
- High traffic location with ±19,000 vehicles daily.
Overview
This commercial property is leased to Advance Auto Parts, one of the nation’s largest automotive aftermarket parts providers serving professional installers and do-it-yourself customers. The lease is corporate guaranteed by Advance Stores Company, Inc., with an S&P rating of BB. Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic. The property benefits from a rare absolute NNN lease. Advance Auto signed a new 15-year lease in 2020, confirming their commitment to the location and market. Approximately 7.5 years remain on the base term of the initial 15-year lease. The property is located in Gonzales, Louisiana, in Ascension Parish in southeastern Louisiana, positioned between Baton Rouge and New Orleans, offering convenient access to major employment centers, regional retail, and industrial corridors. Gonzales is situated approximately 25 miles south of Baton Rouge and 50 miles northwest of New Orleans, providing strong connectivity to both metropolitan areas via Interstate 10. The location benefits from approximately 19,000 vehicles daily at the intersection of N Burnside Ave. The 5-mile population consists of approximately 91,940 residents with do-it-yourself demographics based on an average household income of $118,856 annually. The property has 6,758 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.4k | $15.00 |
| − Vacancy | −$10.1k | −$1.50 |
| EGI | $91.2k | $13.50 |
| − OpEx | −$27.4k | −$4.05 |
| NOI | $63.9k | $9.45 |
6,758 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$912.3K
$798.3K – $1.06M
NOI $63,863 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$492.9K
$431.3K – $575.0K
NOI $34,500 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,803 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- M&M City Tire Shop — 1738 Airline Hwy, Gonzales, LA 70737
- St Amant Cycles LLC — 40426 Cannon Rd, Gonzales, LA 70737
- Auto Tech Muffler & Repairs — 1738 Airline Hwy, Gonzales, LA 70737
- City Rims and Tires, Inc. — N Airline Hwy, Gonzales, LA 70737
- CNC Auto Repair — 12501 Airline Hwy, Gonzales, LA 70737
Location Insight
- Map
- Local Demand
- City
- Gonzales
- County
- Ascension
- State
- Louisiana
- Longitude
- -90.9204354
- Latitude
- 30.2542659
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased investment property with a corporate guarantee.
Where is this auto shop located?
The property is located at 12516 Highway 44 Gonzales, LA.
What is the asking price?
The asking price for this property is $1,088,505.
What are key features of this property?
This property features: Brand new 15‑year lease signed in 2020 by Advance Auto Parts.; Corporate guaranteed lease by Advance Stores Company, Inc. (S&P Rated BB).; Attractive 7.75% cap rate for a stabilized investment.
