Listed by Tire Business Group
$340,000
NAPA Auto Parts
Details
Property Type Retail
Square Footage 5,800
Cap Rate 5.67%
NOI $19,279
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps No
Lease Options One (1) Additional Five-Year Term
Price per SqFt $59
Investment Type Net Lease
Lease Commencement 07/01/2024
Ground Lease No
Low rent ($4.14 per SF) // Newly renewed lease
Marketing description
This is a single-tenant retail property occupied by Quality Auto Parts, Inc., an independent NAPA Auto Parts dealer. The tenant executed a new five-year lease term through June 2029, reaffirming its commitment to the location. Offered at $340,000, this represents an affordable basis of approximately $58.62 per square foot. The rent equals roughly $4.14 per square foot annually, creating a strong incentive for the tenant to remain long-term. One additional five-year renewal option provides continued upside for long-term ownership.
Investment highlights
- Tenant executed a new five-year term through June 2029, reaffirming its commitment to the location.
- Offered at $340,000 — an affordable basis of approximately $58.62 per square foot.
- Rent equals roughly $4.14 per square foot annually, creating a strong incentive for the tenant to remain long-term.
- One additional five-year renewal option provides continued upside for long-term ownership.
- Automotive replacement parts see steady demand as consumers maintain and repair existing vehicles.
- Quality Auto Parts has served the Chatsworth and Murray County market as an independent NAPA dealer.
Listing Contacts
Listed by Tire Business Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,279.00
$1,606.58/mo
Valuation Metrics
0
DSCR
5.67%
Cap Rate
5.67%
ROI
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