Secure Net Lease Closes Sale of Round Rock Advance Auto Parts
Anthony Pucciarello Facilitates Smooth Transaction with Local 1031 Buyer
Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of an Advance Auto Parts property located in Round Rock, Texas. The property was acquired by a local Texas-based investor executing a 1031 exchange—marking the third net lease acquisition the buyer has made with the same developer through Secure Net Lease.
The agent who led the transaction, Anthony Pucciarello, commented, “This Advance Auto Parts in Round Rock was purchased by a local Texas-based investor completing a 1031 exchange. He’s actually the same buyer who previously acquired the Advance Auto Parts and Starbucks in Hondo, TX, also from the same developer and through our team.”
The Round Rock Advance Auto Parts location features a 6,882-square-foot building on a prominent retail corridor within one of the fastest-growing cities in the Austin metropolitan area. Round Rock, often noted for its booming population and business-friendly environment, is home to major employers such as Dell Technologies and draws continued retail expansion due to its robust demographic trends and economic growth.
“He had a strong interest in this Round Rock location from the start—we went under contract while the building was still under construction. It was a smooth, straightforward transaction, and we didn’t even need to fully take it to market because it immediately caught his attention” Pucciarello concluded.
This transaction closed in an all-cash deal and reflects a continuing trend of local investors seeking recession-resistant, single-tenant net lease investments, particularly those backed by nationally recognized brands with solid credit and long-term leases.
Advance Auto Parts, headquartered in Raleigh, North Carolina, is a leading automotive aftermarket parts provider serving both professional installer and do-it-yourself customers. With thousands of stores across the U.S., the company has maintained its reputation for reliability and service in a highly competitive sector.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
