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30862295
30862296

315 E Main Street, Grand Prairie, TX 75050 For Sale

BP
TX TX 538293
DUWEST
WW
TX TX 596941
DUWEST
MB
TX 711586
DUWEST
JT
TX 792098
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST
$2,100,000
136 days on market
Updated 9 days ago

Napa Auto Parts

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 11,380
Cap Rate 6.00%
NOI $125,252
Occupancy 100%
Tenancy Single
Brand/Tenant NAPA Auto Parts
Lease Type NNN
Lease Expiration 12/30/2032
Rent Bumps Yes
Lease Options One 5-Year Extension Option at fair market value
Price per SqFt $185
Year Built 1962
Year Renovated 2025
Buildings 1
Acreage 0.670
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/30/2015
Occupancy Date 08/31/2015

Napa Auto Parts | Recent Renewal and Expansion | 4% Annual Bumps

Marketing description

DuWest Realty Investment Services is pleased to present for sale NAPA Auto Parts in Grand Prairie ("the Property"). The Property is 100% occupied by NAPA Auto Parts, corporately guaranteed NNN lease with 7 years remaining on the current term & one 5-year option to extend at fair market value. This site benefits from a highly visible location just steps away from downtown Grand Prairie & annual rent bumps providing embedded appreciation for a potential investor. Additionally, current ownership, recently updated the Property with a new roof & renovated parking lot in 2025. These factors, in conjunction with the current tenant's strong performance metrics, make this an attractive investment for those seeking stable, long-term cash flow.

The Property's location in Downtown Grand Prairie, along with strong support from the 74,009 residents in the Property's immediate vicinity, contribute to NAPA's strong performance. This NAPA ranks 24th of 271 locations in the State of Texas, and in the 88th percentile nationwide (Placer.ai). Napa Auto has been at the property since 2015. The tenant renewed an additional 7 years at a higher rate, indicating their commitment and success at the property.

Investment highlights

  • Tenant extended additional 7 year in 2025, Corporately Guaranteed NNN Lease with One, 5-Year Extension Option at fair market value
  • 4% Annual Rent Bumps Provide Embedded Appreciation
  • Exceptional Tenant Performance - Ranked 24th of 271 NAPA Locations in Texas
  • Brand New Roof & Renovated Parking Lot in 2025
  • Tenant extended into additional 4,180SF upon renewal in 2025

Listing Contacts

BP
TX TX 538293
DUWEST
WW
TX TX 596941
DUWEST
MB
TX 711586
DUWEST
JT
TX 792098
DUWEST
AS
TX 700062
DUWEST
Listed by DUWEST

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,252.00
$10,437.67/mo

Valuation Metrics

0
DSCR
5.96%
Cap Rate
5.96%
ROI

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Additional Information

Name
Bill Pyle
License
TX 538293
Name
Will Walters
License
TX 596941
Brokerage Phone
2146753665
Title
TX
Name
Matt Banas
License
711586
Brokerage
DuWest Realty
Brokerage Phone
(214) 720-0004
Brokerage Address
4403 N Central Expy
Name
Josie Trent
License
792098
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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