Matthews Logo

Navigation Menu

509 S Gateway Dr, Madera, CA, 93637

Napa Auto Parts
$1,261,226

Key Information

Cap Rate
6.85%
$ per SF
$180
Tot. SF
7,000
Lot Size
0.82 Acres
Year Built
2016
Term Remaining
± 5 Years
Type
Retail
Occupancy
100%
NOI
$78,540

Highlights

  • Immediate Interstate Access: Strategically located just off Golden State Highway and South Madera Ave., the property offers direct access to one of the Central Valley’s primary north-south transportation corridors, serving over ±78,000 vehicles daily.
  • High Store Performance: This location ranks in the 88th percentile nationally and the 78th percentile within California (AlphaMaps), demonstrating strong and consistent operational performance.
  • Build-to-Suit Asset: Delivered in 2016, this is one of the most recent build-to-suit NAPA locations in California. The below-replacement-cost rent and prime positioning provide long-term value and durability.
  • Market Exclusivity: The subject property is the only NAPA Auto Parts location within Madera, with the nearest alternative more than 22 miles in Fresno, creating a dominant local market presence.
  • Fortune 200 Guarantor: The lease is backed by Genuine Parts Company (NYSE: GPC), a Fortune 200 company with an approximate 23.49B market capitalization, offering strong creditworthiness and financial stability.
  • Automotive Synergy: Surrounded by more than a dozen automotive repair businesses within a one-mile radius, the location benefits from strong commercial demand aligned with NAPA’s preferred 80% wholesale / 20% retail model.
  • Strong Demographics: Located 22 miles north of Fresno, the largest city in California’s Central Valley, the property serves a growing population of 77,668 residents within a 3-mile radius (avg. HH income: $98,021). Within 5 miles, the population exceeds 86,747 with average household incomes of $100,306. The area has experienced consistent population growth and is projected to continue expanding.
  • Regional Economic Drivers: A new 100,000-square-foot casino under development just seven minutes away is expected to drive job creation and increased traffic. The local economy is supported by agriculture, logistics, manufacturing, and food processing, with major employers such as Cypress Systems and Alto Ingredients contributing to a stable workforce base.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245