Napa Auto Parts

Investment Overview

-Kevin Besser | BOR | NPC REALTY MANAGMENT | LIC# - RMR003220

Investment Highlights

• Tenant History: Seller used to operate this Napa store then
• sold the business to corporate - Genuine Parts Company,
• which now operates under a new corporately guaranteed
• lease.
• New Lease Execution: A brand-new 7-year lease commenced
• in April 2025, providing long-term income stability with 2%
• annual rent increases driving steady NOI growth.
• Corporate Guarantee: Lease guaranteed by Genuine Parts
• Company (NYSE: GPC), an investment-grade Fortune 200
• company ranked #179, ensuring reliable credit-backed rental
• income.
• Traffic & Demographics: Located along Grow Avenue with
• 7,123 vehicles per day and 8,300 residents within a 1-mile
• radius, offering strong visibility and a stable customer base.
• Property Details: 6,600 SF freestanding building - Low rent,
• creating future upside.
• Retailers Nearby: Situated in a busy retail corridor anchored
• by Dunkin’, CVS, McDonald’s, Ace Hardware, Weis, and other
• national retailers.
• Tenant Responsibilities: Tenant covers taxes, insurance
• reimbursed, CAM, utilities, and routine repairs up to $2,500
• annually.