Secure Net Lease Sells Advance Auto Parts to Texas 1031 Exchange Buyer
SNL’s Anthony Pucciarello Orchestrates All Cash Sale of San Antonio MSA Property
Secure Net Lease, a top ranking brokerage firm, facilitated the sale of an Advance Auto Parts in Hondo, Texas, right outside of San Antonio. The property was sold in an all-cash deal to a local 1031 exchange buyer.
The agent who orchestrated the deal, Anthony Pucciarello, said “We recently sold both this Starbucks and an Advance Auto Parts location in Hondo to the same 1031 exchange buyer. The transaction was incredibly smooth, as the buyer, a motivated investor, closed the deal within about 14 days of signing the contract.”
The 6,889 square-foot building is strategically located on the I-90 & I-173 Interchange, which sees over 25,000 vehicles per day. It is positioned in a dense retail corridor with anchor tenants H-E-B, Walmart, and Tractor Supply. Other nearby national tenants include McDonalds, Taco Bell, Whataburger, Best Western and more. This property is also near South Texas Regional Airport and Hondo High School.
“The buyer was a local exchange buyer from Round Rock who had just sold his family ranch nearby, so he was already familiar with and fond of the area. Our seller had the opportunity to meet him in person at the property, which further strengthened the relationship. Now, the buyer has expressed interest in purchasing additional properties from us in the future” the agent concluded.
The property’s prime location, surrounded by high-traffic businesses and close to key landmarks, made this an attractive investment. The buyer, familiar with the area, completed the deal swiftly within 14 days. This transaction has fostered a strong relationship between the buyer and Secure Net Lease, with potential for future collaborations on additional property sales.
Advance Auto Parts is a leading provider of automotive aftermarket parts, serving professional mechanics and DIY customers. As of 2024, the company operates 4,781 stores across the U.S., Canada, Puerto Rico, and the U.S. Virgin Islands, along with supporting 1,125 independently owned Carquest locations. Advance Auto Parts reported annual revenue of approximately $11 billion for its most recent fiscal year.
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.
Now, the buyer has expressed interest in purchasing additional properties from us in the future.
