NAPA Auto Parts | Corporate | Toledo MSA
Below Market Rent | 50+ Year Operating History | Investment Grade
Investment highlights
Property Highlights
• Corporate Guarantee by Investment Grade Tenant
• Tenant has Operated at the Site for Over 50 Years Showing their Commitment and Dedicated Consumer Base
• Significantly Below Market Rent of $8.41
• 1.5 Years Remain on a NNN Lease with Limited Landlord Responsibilities
• One, Three Year Option Remaining with Rental Increase of $0.40 PSF
• New Lease Signed in October 2021 with Tenant Exercising its First, Two Year Option on November 1, 2024
• 7,492 Total GLA with 2,452 SF of Retail Storefront and 5,040 SF of Warehouse
• Recent Tenant Renovations Include $100,000 Investment in Internal Software, New Shelving and Gondolas, and New Security System
• Recent Landlord Renovations Include Reseal & Restripe of Parking Lot in September 2025 and a New Warehouse Hot Water Boiler in September 2023
• Genuine Parts Company “GPC” is Ranked BBB- on S&P
• In 2025, GPC reported Annual Revenue of $24.3 Billion • GPC’s Annual Revenue Increased 3.5% between 2024 & 2025
Location Highlights
• 16,635 Vehicles Pass the Site Daily on Lewis Ave
• Situated on a Four Lane Major Artery with a Center Turn Lane
• Lewis Avenue is the North to South Connector Between Temperance and the City of Toledo
• Directly Behind the Subject is Moon Gate Luxury Adult Living with 114 Units
• Over 4,275 Multifamily Units within a 3 Mile Radius of the Subject Supporting the Immediate Consumer Base
• Dense Population with 94,918 People within a 5-Mile Radius
• 3.4 Miles to GM Propulsion Systems Facility which Employs Over 1,700 People
• GM Invested $760 Million in the Toledo Propulsion Systems to be Transformed into the First EV-Related Production Facility
• Since 2011, GM has Invested more than $1.9 Billion into this Facility. The Site was Originally Purchased by GM in 1956
• 10 Miles to Downtown Toledo, an Immediate Economic Driver and Approximately 50 Miles to Detroit and Ann Arbor
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