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7-Eleven
Advance Auto Parts
Affordable Dentures
ALDI
Applebee's
Arby's
Ashley Furniture
AutoZone
Bank of America
BankUnited
BB&T Bank
Best Buy
BMO Harris Bank
Bojangles'
Burger King
Captain D's
Chase Bank
Chick-fil-A
Chipotle
Church's Chicken
Circle K
Cracker Barrel
CVS
Dairy Queen
DaVita
Dollar General
Dollar Tree
Dunkin' Donuts
Family Dollar
FedEx
Fred's Super Dollar
Fresenius Medical Care
Hardee's
Hobby Lobby
IHOP
KFC
Kohl's
Mattress Firm
McDonald's
Napa Auto Parts
O'Reilly Auto Parts
Panera Bread
PDQ
Pep Boys Auto
PNC Bank
Red Lobster
Rite Aid
Sheetz
Shell Oil
Sherwin-Williams
Starbucks
Steak 'n Shake
SunTrust
Taco Bell
TD Bank
Tractor Supply Co.
Verizon
Walgreens
Walmart
Wawa
Wegmans
Wendy's
Zaxby's
  Napa Auto Parts


Average Property & Lease

Average Sale Price$1,066,154
CAP Rate (12mo avg with 10+ lease term)6.48%
NOI$68,703
$/Square Foot$100 - $250
Building Size7,000 +/- sf
Lot Size0.5 - 1.5 +/- acres
Lease Term10 +/- Years
EscalationsVaries
CREDIT RATING
N/A
S&P
N/A
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: January 12, 2017
Net Lease Advisor Overview

Napa Auto Parts locations can offer a unique opportunity for a buyer to acquire a recession-resistant investment, with an attractive lease with rental escalations and minimal landlord responsibility, guaranteed by an investment grade tenant, located on a busy retail corridor in an attractive geographic area.

Pros

Cons

  • Corporate guaranty
  • NNN leases with rental increases in the primary term
  • Not rated by S&P or Moody's
  • Often located in middle-to-low income areas
Tenant Description

In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs.

In 1936, NAPA opened its first location, an existing Atlanta auto parts store purchased from an owner who thought the industry was past its peak. It wasn't even close.

Nearly a century later, NAPA continues to serve auto service professionals, do-it-yourselfers and everyday drivers with quality parts and supplies to keep cars, trucks, and equipment performing safely and efficiently.

In the U.S., NAPA now includes over 58 distribution centers, 16,000 NAPA AutoCare Centers and more than 6,000 independently-owned and company-owned stores. NAPA carries an extensive inventory of more than 475,000 parts for automotive and industrial applications.

A division of Genuine Parts Company (NYSE: GPC) and a global automotive aftermarket leader, NAPA operates NAPA Canada, Auto Todo in Mexico and Repco in Australia and New Zealand.
NAPA AUTO PARTS TREND
CAP Rate

2015 avg: 7.19%

2016 avg: 6.98%

RECENT SALES

Lenoir City, TN | 7.75%

Oregon, IL | 6.25%

MORE INFO
www.napaonline.com