The subject property is the investment in the land under a new Advance Auto Parts retail store in the wealthy Houston suburb of Pearland, Texas. The surrounding area has a huge concentration of new retail, developed over the past 2-3 years, with superior visibility and access. The property is located in the Pearland Fitness Center (24 Hour Fitness, Tutor Time, Whitney Bank, TCBY, Pearland Super Buffet, Planet Beach, and On the Run). The site is adjacent to Silverlake Village Shopping Center (Super Target, Kohl’s, Ross Dress For Less, Marshall’s, Pier 1 Imports, Randalls, Petsmart, Michaels, Office Depot, and Cinemark Theaters) and the Crossings Shopping Center (Wal-Mart Supercenter, JC Penney, Home Depot, Bed Bath & Beyond, Best Buy, TGI Friday’s, Olive Garden, Chick-fil-A, and Sonic Drive-In). Across Highway 288 is the Pearland Town Center (Dillard’s, Macy’s, Barnes & Noble, 300,00 sq ft of speciality shops & restaurants, residential space, office space, hotels, and exciting entertainment venues) and Shadow Creek Ranch (a master-planned community offering several schools, hospitals, churches, day cares, all forms of housing from single-family, multi-family, and senior living. Traffic generators in the area also include HEB Grocery, Academy Sports + Outdoors, Hobby Lobby, Ashley Furniture, and Memorial Herman Hospital.

Tenant: Advance Stores Company, Inc.
Advance Auto Parts is a leading automotive aftermarket retailer of parts, batteries, accessories and maintenance items. The Company has grown through strategic acquisition and self development to become the nation’s 2nd largest auto parts retailer. From its first store in 1932, Advance Auto Parts has solidified their position as a Fortune 500 market leader, operating more than 3,352 stores in 40 states, Puerto Rico, and the Virgin Islands.