Napa Auto Parts

• Corporate Credit Lease: Genuine Parts Company (NYSE: GPC) signs directly as the lessee, providing strong corporate credit behind the lease.
• Long-Term Lease with Built-In Growth: Approximately 4.4 years remain on the initial term with three additional 5-year renewal options and contractual annual rent increases.
• Recently Renovated Location: Significant landlord-funded improvements include new HVAC, a roof coating with a 10-year warranty, upgraded electrical service, ADA-compliant restroom, and a repaved parking lot, reducing near-term capital needs.
• Low Landlord Management Burden: Net lease structure with CAM, taxes, and insurance reimbursed by the tenant, providing an attractive passive investment structure.
• Predictable NOI Growth: Contractual 2–3% annual rent increases provide consistent rental growth throughout the lease term.
• Strategic Retail Corridor Location: Positioned along North High Street in Millville, NJ, an established commercial corridor within Cumberland County.
• Strong Site Fundamentals: ±6,720 SF building situated on ±0.53 acres with approximately 23,304 SF of land.