Napa Auto Parts | 8% Cap | Carbondale, PA
Napa Auto | 8.00% CAP | Corporate Backed
Marketing description
Tenant History: Seller used to operate this Napa store then
sold the business to corporate - Genuine Parts Company,
which now operates under a new corporately guaranteed
lease.
New Lease Execution: A brand-new 7-year lease commenced
in April 2025, providing long-term income stability with 2%
annual rent increases driving steady NOI growth.
Corporate Guarantee: Lease guaranteed by Genuine Parts
Company (NYSE: GPC), an investment-grade Fortune 200
company ranked #179, ensuring reliable credit-backed rental
income.
Traffic & Demographics: Located along Grow Avenue with
7,123 vehicles per day and 8,300 residents within a 1-mile
radius, offering strong visibility and a stable customer base.
Property Details: 6,600 SF freestanding building - Low rent,
creating future upside.
Retailers Nearby: Situated in a busy retail corridor anchored
by Dunkin’, CVS, McDonald’s, Ace Hardware, Weis, and other
national retailers.
Tenant Responsibilities: Tenant covers taxes, insurance
reimbursed, CAM, utilities, and routine repairs up to $2,500
annually.
Investment highlights
Global Scale: Genuine Parts Company (NYSE: GPC) has 10,700
locations across 17 countries, with approximately 63,000
employees worldwide. Its two primary business segments are
NAPA Auto Parts (automotive distribution) and Motion (industrial
distribution).
Revenue Strength: GPC generated $23.5 billion in total revenue in
2024, reflecting steady top-line growth. In Q2 2025, the company
reported $6.2 billion in sales, up ~3.4% year-over-year, led by
automotive growth.
Earnings Performance: Management projects 2025 adjusted
diluted EPS of $7.50–$8.00, despite macro cost pressures. The
Automotive Parts Group delivered ~5% sales growth in Q2 2025,
offsetting slower industrial growth.
Credit Quality: GPC holds an investment-grade credit rating (S&P:
BBB / Moody’s: Baa1,, underscoring strong tenant
creditworthiness. Its diversified operations and global customer
base reduce concentration risk.
Shareholder Commitment: GPC is a Dividend King, having paid a
dividend every year since 1948 and raised it for 68 consecutive
years. This consistency highlights reliable cash flows and
disciplined financial management.
Market Leadership: A Fortune 200 company founded in 1928,
GPC is one of the world’s leading distributors of replacement
automotive and industrial parts. Its scale, diversification, and credit
profile make it a premier NNN tenant.
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