Advance Auto Parts NNN — Houma, LA

Updated November 4, 2026

$1,034,400 · 8.00% CAP · 9.2 YRS

2008 build-to-suit Advance Auto Parts at 1144 Grand Caillou Rd in Houma, about 6,124 SF on 0.53 acres, fee simple, asking $1,034,400 at an 8.00% cap on $82,752 rent. Advance Auto Parts is the corporate guarantor. The lease is NNN, not absolute: the landlord keeps structure duties. About 9.2 years remain through December 2035 with flat rent, then 7% increases in each of three 5-year options. Across our 6 Advance Auto Parts listings the median cap is 7.375%, so this 8.00% ask runs about 63 bps higher.

Lease Abstract

Price

$1,034,400

Cap rate

8.00% CAP

NOI

$82,752

Term remaining

9.2 YRS

Lease type

NNN

Increases

Flat in the base term; 7% at each option

Options

3 x 5-year

Guarantee

Corporate

Building

6,124 SF

Lot

0.53 AC

Year built

2008

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,124 SF building, built 2008, 0.53 acres of land. $169/SF asking, $13.51/SF NOI. Rent increases: Flat in the base term; 7% at each option. Renewal options: 3 x 5-year. Corporate guarantee. Primary term ends around 2036 (9.2 yrs left at listing, Nov 2026).

Location

Houma, Louisiana — 1144 Grand Caillou Rd, Houma, LA 70363. Full address and offering memorandum released on request — see our Advance Auto Parts tenant guide for the underwriting context.