Listed by Matthews
$2,587,500
Napa Auto Parts Hub Store - Calexico, CA
Details
Property Type Retail, Industrial
Sub Type Distribution, Flex
Square Footage 22,000
Net Rentable (SqFt) 22,000
Cap Rate 6.00%
NOI $155,250
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type NN+
Lease Term 10
Lease Expiration 01/31/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $118
Year Built 1995
Year Renovated 2026
Buildings 1
Acreage 0.720
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/15/2025
Ground Lease No
Ownership Fee Simple
3.5% Annual Increases l Distribution Hub I Significant Improvements
Marketing description
NAPA Auto Parts is a nationally recognized retailer and distributor of automotive replacement parts, accessories, and service items, serving both professional repair shops and DIY consumers. Headquartered in Atlanta, Georgia, the company is a core subsidiary of Genuine Parts Company (NYSE: GPC), a Fortune 500 enterprise. With over 6,000+ locations across the United States, NAPA Auto Parts leverages an extensive logistics and distribution network to maintain high in-stock rates and rapid parts availability, reinforcing its role as an essential retail tenant within the auto care sector.
Investment highlights
- 3.5% Annual Increases: Ownership signed a 10-year sale leaseback with Genuine Parts in January of 2025 including extremely rare 3.5% annual increases throughout the base term and option period, providing an investor with a significant hedge against inflation in comparison to alternative net lease investments.
- Recent Upgrades: The subject property has undergone significant capital improvements including a recently completed roof resurfacing and sealant project which includes a 15-year manufacturers warranty and a 5-year labor warranty.
- Distribution Facility: This location was the primary and flagship facility for Country Motor Parts prior to Genuine Parts Company's acquisition. The building was used as a centralized distribution facility for five other stores throughout the Imperial Valley with a 5,000 square foot retail/sales floor and approximately 25,000 square feet of warehouse space including a double decked 7,000 square feet portion making this entire space over 30,000 square feet under roof.
- Excellent Visibility: Located at the corner of Emerson Ave and McKinley St, the property has visibility to over 20,000 vehicles daily and is located within a high-traffic commercial area in Calexico, California, near the U.S.-Mexico border, benefiting from significant cross-border commerce.
- Passive Lease Structure: The lease offers minimal landlord maintenance responsibilities where the landlord is only responsible for the maintenance and replacement of the roof, exterior walls, structural supports, foundations, and underground utility lines serving the Premises.
- Recent Sale Leaseback: This subject property was recently included in an acquisition between Country Motor Parts (independent operator) and Genuine Parts Company (NYSE: GPC). This location will continue to serve as a vital location for Genuine Parts Company moving forward. From 1948-2024, CMP earned a respected status within its communities, evident in an impressive customer list of 6,000 accounts and approximately 1,300 active monthly accounts receivable customers.
- Diverse Customer Base: This location, being the former center point of CMP's business, will continue as a vital piece to GPC's business in the Imperial Valley. GPC inherited a wide range of customers, including automotive, heavy-duty, commercial, municipal, paint and body, high-performance, hydraulics, fluid transfer, manufacturing of hose assemblies, marine, farming, and retail accounts.
- 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.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,250.00
$12,937.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
RA ResidentialMulti FamilyResidential Apartment
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View all 50 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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