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Auto Parts

NAPA Auto Parts

517 East Santa Fe Street, Olathe, KS 66061

Listing Price: $1,495,000

Cap Rate
6.25%
Tenant Name
Genuine Parts Company
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
7,714
Lease Type
Absolute Net
Rent Per Square Feet
$12.11

Investment Overview

The subject property is a single tenant, freestanding NAPA Auto Parts store in Olathe, Kansas. This NAPA Auto Parts store has been operating at this location since 1995, making it a familiar staple in the area. In February 2014 they signed a 2.5 year corporate lease. It is located within the Kansas City MSA, which is home to over 1.69 million residents. There are 161,763 residents with an average household income of $112,185 located within a five-mile radius of the subject property. Approximately 3 years remaining on absolute NNN corporate lease with 7.5% rent increases every five years.

Investment Highlights

  • Established NAPA Auto Parts store operating at this location since 1995
  • Approximately 3 years remaining on absolute NNN corporate lease
  • 7.5% ?xed rent increases every 5 years
  • Nearby retailors include Walgreens, KFC, FedEx, Long John Silver's, Little Caesars, Taco Bell, Harbor Freight, Sherwin-Williams, and more

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Auto Parts

NAPA Auto Parts

Listing Price: $1,495,000

Cap Rate
6.25%
Tenant Name
Genuine Parts Company
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
7,714
Lease Type
Absolute Net
Rent Per Square Feet
$12.11

Investment Highlights

  • Established NAPA Auto Parts store operating at this location since 1995
  • Approximately 3 years remaining on absolute NNN corporate lease
  • 7.5% ?xed rent increases every 5 years
  • Nearby retailors include Walgreens, KFC, FedEx, Long John Silver's, Little Caesars, Taco Bell, Harbor Freight, Sherwin-Williams, and more

Investment Overview

The subject property is a single tenant, freestanding NAPA Auto Parts store in Olathe, Kansas. This NAPA Auto Parts store has been operating at this location since 1995, making it a familiar staple in the area. In February 2014 they signed a 2.5 year corporate lease. It is located within the Kansas City MSA, which is home to over 1.69 million residents. There are 161,763 residents with an average household income of $112,185 located within a five-mile radius of the subject property. Approximately 3 years remaining on absolute NNN corporate lease with 7.5% rent increases every five years.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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