NAPA Auto Parts For Sale/ For Lease

Below-Market In-Place Rent with Value-Add Potential – NAPA Auto Parts is currently paying $9.99 per square foot, significantly below the prevailing market rate, presenting a clear opportunity for rental upside through re-leasing or repositioning.
Strategic Automotive Corridor Location – Positioned within a high-traffic trade area surrounded by major national automotive dealerships—including Chevrolet, Chrysler, Mitsubishi, CarMax, Acura, Mercedes-Benz, Porsche, and Toyota—alongside complementary uses such as Red Rapid Car Wash, ensuring strong vehicular traffic and consumer draw.
Flexible Exit or Re-Tenanting Strategy – With no remaining option periods on the lease, the property offers future ownership the flexibility to re-tenant or occupy the space, capitalizing on the substantial rent delta and broader market appreciation.
Creditworthy National Tenant – Leased to NAPA Auto Parts, a subsidiary of Genuine Parts Company (NYSE: GPC), a global leader in automotive parts distribution with investment-grade credit ratings of BBB / Stable (S&P) and Baa1 / Stable (Moody’s), providing a reliable income stream backed by a strong corporate guarantor.
Long-Term Tenancy with Operational Commitment – NAPA Auto Parts has occupied the site since 2002, reflecting operational stability and tenant commitment, evidenced by multiple lease renewals and a long-term lease executed in 2017.
Rare Offering – First Time Available in Two Decades – This asset is being brought to market for the first time in 20 years, offering investors the rare opportunity to acquire a seasoned, income-generating property with significant intrinsic real estate value.

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Kyle Matthews