10150 I-10 Service Rd, New Orleans, LA 70127

Below Market Rent: Per Costar, current market rent in the area exceeds $15/SF while Napa is currently paying $6.6/SF providing long term upside for an investor.

Committed Location: In 2022, Napa Auto Parts executed an option to extend the lease two years early, demonstrating a long-term commitment to a location they have operated at since 2014.

Limited Footprint: This Napa location is situated over 12 miles away from their next closest location.

Strong Demographics: The surrounding area features a population of over 78,000 residents and over 29,000 families.

NN Lease with Recent Upgrades: The lease offers a passive income structure with recent repairs completed on the roof and HVAC units.

Retail Synergy: The building is located along I-10 service road which is home to several notable retailers including Walmart Supercenter, The Home Depot, McDonald’s, Pep Boys Auto Service & Tires, KFC, Burger King, CVS Popeyes among many others.

Corporate Guarantee W/ Investment Grade Credit Rating Tenant: Genuine Parts Company (GPC), established in 1928 and headquartered in Atlanta, Georgia, is a Fortune 200 corporation and leading global distributor of automotive and industrial replacement parts, along with value-added solutions. GPC’s currently has a capitalization of approximately $17.8 billion and investment-grade credit ratings of BBB- from S&P and Baa1 from Moody’s.