2168 1ST CAPITOL DR Saint Charles MO 63301-5804

The subject property is a 2007 construction NAPA Auto Parts store located in St. Charles, MO, a growing suburb of St. Louis. The 6,000+/- square foot store is ideally located on 1st Capitol Drive which boasts an impressive 31,463 average daily traffic count. The immediate area is densely populated with a 5-mile population of 128,245, and is home to a tremendous amount of retailers such as CVS, Walgreens, Schnuck’s, AutoZone, Advance Auto Parts and many more.

Across the street is the campus of Lindenwood University. Lindenwood was founded in 1827 and now has 2 campuses, with St. Charles, MO being the Main campus. Today, this historic campus alone boasts an impressive enrollment of over 6,000 students.

Genuine Parts Company, traded on the NYSE under the stock symbol GPC, is signed to a long-term 15-year lease that began in August, 2007. The double-net (NN) lease provides for Tenant to be responsible for property expenses of CAM, taxes, insurance, and HVAC. They are also responsible for the initial $1,500 in repairs to the roof membrane or parking lot. Rent is scheduled to increase by 10% every 5 years throughout the entire lease term, including the renewal options. 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.

NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Over the years, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people.

Today, NAPA-branded stores and AutoCare Centers continue 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., more than 500,000 part numbers are distributed across 57 distribution centers, 6,000 NAPA AUTO PARTS stores, and more than 16,000 NAPA AutoCare and AutoCare

Collision Centers nationwide.

Corporate Lease with Genuine Parts Company | 4+/- Years Remaining

Across from Lindenwood University | 6,000+ Student Enrollment
Nearby Retailers: CVS, Schnuck’s, Walgreens, Autozone and More
10% Rental Increases Every 5 Years | Attractive Brick Exterior
Tenant Responsible for Cam, Taxes, Insurance, HVAC and Initial $1,500 for Roof or Parking Lot Repairs Per Year
Located on 1st Capitol Drive | 31,463 Combined VPD
Strong Population | Over 128,245 in 5-mile Radius
$16.3 Billion in Annual Revenue | Publicly Traded Company