loader
Join Free
DOM: 335 Updated: 05.06.24 Posted: 05.02.23 Status: Sold 04.01.24

Summary

Price $600,000 $600,000
Built/Renov 1977
Tenant NAPA Auto Parts
Cap Rate 9.50% 9.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,240
Lease Start 11-01-2016
#Units 5,963
Price/SF $114.50 $114.50
Expiration 04-30-2025
Tenant Type Automotive
NOI $57,000
R. Term 0.0
Ownership Fee Simple
Rent/SF $10.88
Increases 0.0%/0/yrs
Pop 5Mi 8,061
Lot/AC 1.00
Options 1/3yrs
AHHI 5Mi $71,216

Lease Highlights

  • NAPA Auto Parts has been operating in this location since 2016
  • Tenant has over 1.5 years remaining on the current lease term with 1 (3-year) option to extend
  • Absolute NNN lease features zero landlord responsibilities
  • Corporate guarantee by Genuine Parts Company (NYSE: GPC)

Location Description

NAPA Auto Parts is located on Bailey Road, just off of Barensville Bethesda Road (HWY 147), with access to 7,080 vehicles per day. Highway 147 is the main road between Barnesville and Bethesda providing direct access to and from the site. National/credit tenants in the area include KFC, Wendys, McDonalds, Walgreens, Save A Lot and more. Additionally, NAPA Auto Parts is located within close...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: NAPA Auto Parts
  • Guarantor:Corp T and Rated
  • Company:Genuine Parts Company
  • # Units:5,963
  • Tenant S&P: BBB
  • Moody’s: Baa1
  • Stock: NYSE: GPC

About Tenant

The National Automotive Parts Association (dba NAPA Auto Parts) is an American retailers' cooperative distributing automotive replacement parts, accessories and service items throughout...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 470 5,252 7,751
2023 Total Population : 480 5,393 7,958
2023 Employed Civilian Pop : 234 2,502 3,642
2023 Total Businesses : 46 234 297
2023 Average Household Income : $ 85,421 $ 70,906 $ 73,056
2023 Total Consumer Spending : $ 14 M $ 146 M $ 222 M
2023 Median Age : 49 44 44
2023 Total Households : 193 2,340 3,430
2023 Pop Age 25+: Bachelor's Degree : 46 401 594
2023 Average Home Value : $ 233,488 $ 179,679 $ 184,406
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Barnesville Bethesda Road Bethesda St Exd 2021 5,721 0.70 mi
Mount Olivett Road Bethesda St Exd 2021 186 0.77 mi
Sandy Ridge Road Pigeon Point Rd 2021 583 0.91 mi
E Main St Barnesville Bethesda Rd 2018 9,601 1.02 mi
Joe Jeffers Road N E Mount Olivett Rd 2021 353 1.04 mi
Grace Avenue E Main St 2021 196 1.15 mi
Barnesville Bethesda Road Locust Dr 2021 7,894 1.27 mi
Bond Avenue Kenwood Ave 2021 4,647 1.40 mi
Bond Ave Kenwood Ave 2002 5,840 1.41 mi
Bond Ave Greenmount Ave 2018 5,086 1.59 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity