4601 Gulfway Dr Port Arthur, TX 77642

Listing agency Advantage Real Estate j***@sbcglobal.net Show Phone

Listed by Jon Carona · License #TX

Source Crexi

Added: Apr 11 Updated: Jul 22 at 6:45PM Checked: Jul 22 at 6:45PM

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Investment Insights

Based on property information with market context.

This leased retail property is under a net lease with Advance Stores Company Inc (Advance Auto Parts). The lease was extended in 2014 through March 31, 2024, and includes two additional five-year renewable options with rent increases of 11.5% and 5.25% in the second option.

According to the owner, the property has an annual rent of $60,060 under the NNN lease structure. The owner also reports new HVAC installed in 2015.

The asset presents a straightforward, income-producing retail investment with documented lease terms and renewal provisions.

Key Highlights

• NN lease to Advance Stores Company Inc (Advance Auto Parts)
• Lease extended through March 31, 2024
• Annual rent of $60,060 under the NN lease

Property Analytics

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FAQs

What type of property is this?

Retail space - Retail property is leased to Advance Stores Company Inc with an extended lease through March 31, 2024.

Where is this retail space located?

The property is located at 4601 Gulfway Dr Port Arthur, TX.

What are key features of this property?

This property features: NN lease to Advance Stores Company Inc (Advance Auto Parts); Lease extended through March 31, 2024; Annual rent of $60,060 under the NN lease