Napa Auto Parts

Investment Overview

Corporate backed, NNN Napa Auto Parts leased building for sale. 5.01% Cap Rate. Ten year lease was signed in 2022 (5.5 years remaining) with two, 3 year options remaining. Tenant has been at this location for 20+ years. Tenant reimburses the landlord for property taxes, property insurance, and all common area maintenance. Landlord must maintain the roof, foundation, and structure only. The roof was replaced in March 2022. Tenant is responsible for all HVAC and mechanicals. There is upside on rent here. Current base rent is only $7.55/SF.