Income Producing Napa Auto Building - Hart Michigan
Great Investment Opportunity with an Established Business Included
Marketing description
This well kept and maintained, single tenant, Napa Auto Parts Store, located in the center of downtown Hart, is a great investment opportunity for someone who is looking to grow there investment portfolio. This Napa Auto Parts store holds a long standing and strong operating position within the community, with over 60 years of continual occupancy.
Genuine Parts Company, a branch of Napa, singed it's initial three year lease for the Hart location, effective June of 2022. The corporate backed lease has about 2 years of its current term remaining, plus one (1), 3-year renewal option, which includes a 5% rent increase in each option period. This approximately 3,000 Sq Ft building is located in an ideal spot of Harts downtown historic area which is sure to continue generating business for years to come. The building itself has a new roof on it from within this past year and no other big ticket items in the foreseeable future should need much attention. Making this an ideal investment for both new and seasoned investors, in todays market.
Investment highlights
- Centrally located in downtown with main street road frontage
- Included with the sale of this commercial building is a well established National Franchise Napa Auto Parts store.
- Purchaser to assume a 3 year lease, within its first year term. With the option to renew a 3 year lease upon completion of current term.
- The building has been well kept and maintained, which also includes a new roof.
- Over 60 years of continual occupancy.
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