NAPA Auto Parts

• Prime Central Avenue Location: The building sits directly on Central Avenue, one of Toledo’s major commercial corridors, with historical traffic counts exceeding 27,000 vehicles per day.
• Strong National Tenant Presence: The property is surrounded by a mix of national retailers and service providers, including Lowe’s, Aldi, Meijer, Chick-fil-A, McDonald’s, Take 5 Oil Change, Trader Joe’s, and many others.
• NAPA Auto Parts Anchor Tenant: NAPA’s lease is corporately guaranteed by Genuine Parts Company (NYSE: GPC), an investment grade public company rated BBB-.
• Long-Term NAPA Commitment: NAPA has operated at the property since 2009 and recently executed a 10-year lease extension beginning January 1, 2025 through December 31, 2034, with approximately 8.3 years remaining.
• Diversified Two-Tenant Income: The ±21,079 SF building is fully leased to two tenants, providing two sources of rental income between a national credit tenant (±10,387 SF) and a local contracting and property management business (±10,692 SF).
• Value-Add Potential: The Jason Boyd / Honey Do Property Management lease expires July 31, 2030 (±3.90 years) with no remaining options. The lease also provides that, upon a sale where the purchaser requires possession, the tenant must vacate within 60 days of notice, providing a purchaser with flexibility to recapture, re-lease, or reposition the ±10,692 SF rear space.