Auto Parts
Napa Auto Parts
1423 Buford Hwy NE, Buford, GA 30518
Listing Price: $2,030,769
Investment Overview
Marcus & Millichap has been selected to exclusively market a premier 9-property NAPA Auto Parts portfolio spanning nine states. The portfolio is leased to Genuine Parts Company (NYSE: GPC) and
its subsidiary, offering a highly secure income stream backed by a Fortune 500 parent company with over $24.3 billion in 2025 revenue. Demonstrating strong commitment to these locations, the tenant recently executed 5-year lease extensions across the entire portfolio—eight Master Lease renewals and one new direct lease for the Florida location. All extended terms commence on November 1, 2027, running through October 31, 2032, ensuring stable and predictable cash |ow.
The portfolio consists of 56,976 SF across nine master-leased renewal properties plus one direct lease in Palmetto, FL, generating a current annual base rent of $938,088 ($16.47/SF average). The properties feature rent escalations in Year 4 of the renewal term for the eight master leases, with strong built-in growth and an Absolute NNN structure on the majority of the assets.
The portfolio is exceptionally passive and features built-in yield growth. The eight master-leased properties include rent escalations in Year 4 of the renewal term, providing a reliable in|ation hedge.
Furthermore, these eight properties operate under an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property (Palmetto, FL) operates under a standard NNN lease
where ownership is responsible only for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.Strategically positioned across New York, Virginia,
Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, this nationwide footprint effectively mitigates regional economic risk while capitalizing on consistent automotive aftermarket demand. Ultimately, this offering presents a compelling opportunity to acquire a stabilized, geographically diversified portfolio entirely insulated by an investment-grade corporate guarantor.
NAPA
Investment Highlights
- BUILT-IN RENT GROWTH
- INVESTMENT-GRADE TENANT CREDIT
- STRATEGIC GEOGRAPHIC DIVERSIFICATION
Exclusively Listed By
Broker of Record
-
John Leonard
Senior Managing Director, Market Leader- Atlanta
Listing Price: $2,030,769
Investment Highlights
- BUILT-IN RENT GROWTH
- INVESTMENT-GRADE TENANT CREDIT
- STRATEGIC GEOGRAPHIC DIVERSIFICATION
Investment Overview
Marcus & Millichap has been selected to exclusively market a premier 9-property NAPA Auto Parts portfolio spanning nine states. The portfolio is leased to Genuine Parts Company (NYSE: GPC) and its subsidiary, offering a highly secure income stream backed by a Fortune 500 parent company with over $24.3 billion in 2025 revenue. Demonstrating strong commitment to these locations, the tenant recently executed 5-year lease extensions across the entire portfolio—eight Master Lease renewals and one new direct lease for the Florida location. All extended terms commence on November 1, 2027, running through October 31, 2032, ensuring stable and predictable cash |ow. The portfolio consists of 56,976 SF across nine master-leased renewal properties plus one direct lease in Palmetto, FL, generating a current annual base rent of $938,088 ($16.47/SF average). The properties feature rent escalations in Year 4 of the renewal term for the eight master leases, with strong built-in growth and an Absolute NNN structure on the majority of the assets. The portfolio is exceptionally passive and features built-in yield growth. The eight master-leased properties include rent escalations in Year 4 of the renewal term, providing a reliable in|ation hedge. Furthermore, these eight properties operate under an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property (Palmetto, FL) operates under a standard NNN lease where ownership is responsible only for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.Strategically positioned across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, this nationwide footprint effectively mitigates regional economic risk while capitalizing on consistent automotive aftermarket demand. Ultimately, this offering presents a compelling opportunity to acquire a stabilized, geographically diversified portfolio entirely insulated by an investment-grade corporate guarantor. NAPA
Exclusively Listed By
Broker of Record
-
John Leonard
Senior Managing Director, Market Leader- Atlanta