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Auto Parts

Napa Auto Parts

1431 Lycoming Mall Rd, Muncy, PA 17756

Listing Price: $1,049,783

Cap Rate
6.00%
Tenant Name
Napa Auto Parts
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
8,168
Lease Type
Double Net
Rent Per Square Feet
$7.71

Investment Overview

Location Highlights: • Centralized Pennsylvania Location – Subject Property is approximately 80 Miles from both Harrisburg & Scranton and (3) Hours distance from Philadelphia • Accessibility - NAPA Auto Parts is situated just off Interstate-180, which sees average traffic counts of (32K) vehicles per day & U.S. Route 220 generating approximately (9K) vehicles per day • National, Credit Retailers – The Site is surrounded by National Retailers including Target, DICK’s Sporting Goods, Old Navy, McDonald’s, Bed Bath & Beyond, and others • Stable Middle-Class Demographics – Average Household Income is $74,557 across 71,724 residents in a (10)-mile trade radius • Major Economic Drivers – Subject Site benefits from its proximity to major submarket traffic generators including the East Lycoming School District & Williamsport Regional Airport (51,000 Annual Passengers) Tenant & Brand Highlights: • Background – The company was founded in 1925 and now operates 57 Distribution Centers, 6,000 NAPA Auto Parts stores, & more than 15,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States • Tenant Status – The firm’s parent company, Genuine Parts Company (NYSE: GPC) is a BBB Investment Grade Credit Rating (S&P) and is ranked #173 on the Fortune 500 • Track Record – The brand has Annual Revenues in excess of $16.5 Billion & has facilities across (14) countries • Company Growth – Genuine Parts Company has shown significant investment in its NAPA Auto Parts brand, having continued store openings Year over Year

Investment Highlights

  • Newly Executed, NAPA Auto Parts Lease with over (9) Years remaining on Lease Term
  • In-Place Rent Schedule provides for a hedge against inflation with a (5%) Rent Escalation in Lease Year 6
  • The Property features 1.52 Acres of Land & an 8,168 Square Foot Building that underwent renovations in 2020
  • Outparcel to Lycoming Mall (Sam's Club Anchored Center) seeing annual foot traffic counts of 1.32M and Lycoming Crossing Shopping Center (Target Anchored Center) seeing annual foot traffic counts of 2.32M people (Placer.ai)

Exclusively Listed By

Financing By

Listing Price: $1,049,783

Cap Rate
6.00%
Tenant Name
Napa Auto Parts
Years Remaining On Lease
9.0
Guarantor
Corporate Guarantee
Rentable SF
8,168
Lease Type
Double Net
Rent Per Square Feet
$7.71

Investment Highlights

  • Newly Executed, NAPA Auto Parts Lease with over (9) Years remaining on Lease Term
  • In-Place Rent Schedule provides for a hedge against inflation with a (5%) Rent Escalation in Lease Year 6
  • The Property features 1.52 Acres of Land & an 8,168 Square Foot Building that underwent renovations in 2020
  • Outparcel to Lycoming Mall (Sam's Club Anchored Center) seeing annual foot traffic counts of 1.32M and Lycoming Crossing Shopping Center (Target Anchored Center) seeing annual foot traffic counts of 2.32M people (Placer.ai)

Investment Overview

Location Highlights: • Centralized Pennsylvania Location – Subject Property is approximately 80 Miles from both Harrisburg & Scranton and (3) Hours distance from Philadelphia • Accessibility - NAPA Auto Parts is situated just off Interstate-180, which sees average traffic counts of (32K) vehicles per day & U.S. Route 220 generating approximately (9K) vehicles per day • National, Credit Retailers – The Site is surrounded by National Retailers including Target, DICK’s Sporting Goods, Old Navy, McDonald’s, Bed Bath & Beyond, and others • Stable Middle-Class Demographics – Average Household Income is $74,557 across 71,724 residents in a (10)-mile trade radius • Major Economic Drivers – Subject Site benefits from its proximity to major submarket traffic generators including the East Lycoming School District & Williamsport Regional Airport (51,000 Annual Passengers) Tenant & Brand Highlights: • Background – The company was founded in 1925 and now operates 57 Distribution Centers, 6,000 NAPA Auto Parts stores, & more than 15,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States • Tenant Status – The firm’s parent company, Genuine Parts Company (NYSE: GPC) is a BBB Investment Grade Credit Rating (S&P) and is ranked #173 on the Fortune 500 • Track Record – The brand has Annual Revenues in excess of $16.5 Billion & has facilities across (14) countries • Company Growth – Genuine Parts Company has shown significant investment in its NAPA Auto Parts brand, having continued store openings Year over Year

Exclusively Listed By

Financing By

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