Listed by Matthews
$1,428,848
Napa Auto Parts - Oregon, IL
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,898
Cap Rate 6.25%
NOI $89,303
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 07/31/2036
Remaining Term 10.1
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $181
Year Built 2014
Acreage 1.320
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/08/2016
Ground Lease No
Ownership Fee Simple
Abs NNN I Strong Rent-to-Sales I 91th Percentile Across Illinois (Alphamap)
Investment highlights
- Ideal Lease Structure: The subject property features an Absolute NNN lease with the tenant responsible for all taxes, insurance and maintenance obligations.
- Strong Brand Ranking: Per Alphamap's brand ranking report, this location performs in the 83rd percentile nationally (961 of 5,754 locations) & 91st percentile across the state (22 of 232 locations)
- Strong Rent-to-Sales: Napa has historically operated below a 5% rent-to-sales ratio, further demonstrating this as a high-ranking location. Contact agent for more information.
- Rent Increases: The original 20-year lease features 5% rental increases throughout the base term and starting in each of the four, 5-year option periods.
- Below Replacement Cost: Due to the rising cost of construction, the lease and overall value of the property is significantly below the cost to redevelop, adding an extra layer of protection into the investment.
- Zero Competition: Napa is the only Auto Parts retail in Oregon, IL with the next closest Auto Parts retailer over 12 miles away.
- Fortune 200 Guarantee: Backed by Genuine Parts Company, the parent company of NAPA Auto Parts, the lease benefits from a strong Fortune 200 guarantor, providing creditworthy backing with a market cap of approximately $15B (NYSE: $GPC).
- Former Motor Parts & Equipment Corporation: In May of 2024, Genuine Parts Company announced the acquisition of MPEC, the largest independently owner of Napa Auto Parts stores in the U.S., operating 181 stores across the Midwest and Great Lakes Region. This acquisition boosted the strength of the Genuine Parts Brand and plays a significant role in the company's overall growth plan.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,303.04
$7,441.92/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
CD CommercialGeneral CommercialCommercial District
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View all 39 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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