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Auto Parts

NAPA Auto Parts

614 Virginia St W, Charleston, WV 25302

Listing Price: $892,500

Cap Rate
8.00%
Tenant Name
NAPA Auto Parts
Years Remaining On Lease
3.9
Gross SF
17,850
Guarantor
Corporate Guarantee
Rentable SF
17,850
Price/Gross SF
$50.00
Lease Type
Double Net
Rent Per Square Feet
$4.00

Investment Overview

This 17,850-square-foot NAPA Auto Parts is located in Charleston, West Virginia. There are over four years remaining on a recently exercised renewal option. There is currently very low rent of $4.00 per square foot and a low sales price of $50 per square foot. NAPA Auto Parts has been successfully operating at this location for over 20 years and the tenant has renewed their lease multiple times. NAPA Auto Parts is being offered for $892,500.

Investment Highlights

  • 17,850-Square-Foot Napa Auto Parts (NYSE: GPC) in Charleston, West Virginia
  • Over Four Years Remaining on Recently Exercised Renewal Option
  • Lease Guaranty with Napa Parent Company Genuine Parts Company (NYSE: GPC) | "BBB" Investment Grade Credit Rating | Ranked #173 on Fortune 500
  • Very Low Rent of $4.00 per Square Foot | Low Sale Price of $50 per Square Foot
  • Operating Successfully at this Location for Over 20 Years | Tenant has Renewed Their Lease Multiple Times
  • Brand New Roof on the Storefront Building Space | Transferrable Warranty
  • Rental Increase in 2022 Increases Cap Rate 16 Basis Points for Last Three Years of the Base Term
  • Subject Property Includes 22,440 Square Feet of Building Space | Approximately 9,000 Square Feet of Ground-Level Floor Space | Approximately 9,000 Square Feet of Upper-Level Mezzanine Space | A 5,040-Square-Foot Quonset Hut and 1,876-Square-Foot Shed

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Listing Price: $892,500

Cap Rate
8.00%
Tenant Name
NAPA Auto Parts
Years Remaining On Lease
3.9
Gross SF
17,850
Guarantor
Corporate Guarantee
Rentable SF
17,850
Price/Gross SF
$50.00
Lease Type
Double Net
Rent Per Square Feet
$4.00

Investment Highlights

  • 17,850-Square-Foot Napa Auto Parts (NYSE: GPC) in Charleston, West Virginia
  • Over Four Years Remaining on Recently Exercised Renewal Option
  • Lease Guaranty with Napa Parent Company Genuine Parts Company (NYSE: GPC) | "BBB" Investment Grade Credit Rating | Ranked #173 on Fortune 500
  • Very Low Rent of $4.00 per Square Foot | Low Sale Price of $50 per Square Foot
  • Operating Successfully at this Location for Over 20 Years | Tenant has Renewed Their Lease Multiple Times
  • Brand New Roof on the Storefront Building Space | Transferrable Warranty
  • Rental Increase in 2022 Increases Cap Rate 16 Basis Points for Last Three Years of the Base Term
  • Subject Property Includes 22,440 Square Feet of Building Space | Approximately 9,000 Square Feet of Ground-Level Floor Space | Approximately 9,000 Square Feet of Upper-Level Mezzanine Space | A 5,040-Square-Foot Quonset Hut and 1,876-Square-Foot Shed

Investment Overview

This 17,850-square-foot NAPA Auto Parts is located in Charleston, West Virginia. There are over four years remaining on a recently exercised renewal option. There is currently very low rent of $4.00 per square foot and a low sales price of $50 per square foot. NAPA Auto Parts has been successfully operating at this location for over 20 years and the tenant has renewed their lease multiple times. NAPA Auto Parts is being offered for $892,500.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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