NAPA Auto Parts

• Corporate Guaranteed Lease: The lease is corporate guaranteed by NAPA Auto Parts (Genuine Parts Company), a Fortune 500 distributor with a national footprint of thousands of stores.
• Recently Extended Lease Term: Tenant recently exercised its renewal option, extending the lease through July 1, 2031.
• Long-Standing Operating History: NAPA Auto Parts has operated continuously at this location for over 100 years, first opening in 1925.
• Recently Updated Building Systems: Tenant installed a brand new HVAC system in 2025, and the roof is only 3 years old, reducing anticipated capital expenditures over the hold period.
• Landlord Responsibilities: Landlord’s obligations are roof, parking lot, insurance, and property taxes.
• Strong NOI Margin: $37,987 in NOI against $40,920 in annual rent reflects minimal expense leakage.