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Genuine Parts Co Triple Net Opportunity Automotive North Carolina

Genuine Parts Co | Wallace, NC
Make an Offer
Investment Offering

Tenant: Genuine Parts Co | Wallace, NC
Premises: 11,769 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 6/1/2027
Lease Type: NNN
Rental Increases: Greater of 2.5% or CPI Annually


Sands Investment Group is Pleased to Present Exclusively For Sale the Triple Net Opportunity Located at 716 N Norwood Street in Wallace, North Carolina.

  • Corporate Guarantee From Genuine Parts Company (NYSE: GPC) With a Market Cap of Approximately $12.5 Billion
  • Deemed as an Essential Business
  • Triple Net (NNN) Lease With Minimal Landlord Responsibilities
  • Very Attractive Annual Rent Increases of Greater of 2.5% or CPI
  • Below Market Rent
  • Strategically Located on a Corner at a Signalized Intersection
  • Provides Trucks Parts to an Underserved Market
  • Located on a Main Retail Corridor
  • Situated Just Off N Norwood Street Which Sees Traffic Count of Over 13,452 VPD
  • Nearby Tenants Include: Tractor Supply Co, KFC, Hardee’s, Piggly Wiggly, BB&T, Framers Home Furniture and Advance Auto Parts

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Founded in 1928, Genuine Parts Company (GPC) is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts and materials, and business products. Our products and services are offered through a network of over 3,100 operations located throughout the United States, Canada, Mexico, Australia, New Zealand, Singapore, Indonesia, France, the U.K., Germany, and Poland.

2017 was GPC’s 90th year in business and our distribution expertise and well positioned, regionally located distribution centers continue to provide us with the unique ability to adapt our products and services to the ever-changing needs of our customers. GPC’s commitment and reputation for excellent service and quality products position the Company as a critical partner to our customers’ success.

Genuine Parts Company’s common stock is traded on the New York Stock Exchange under the symbol “GPC”.

Area Overview

Genuine Parts Co | Wallace, NC

716 N Norwood Street - Wallace, NC 28466

Contact Broker for Details

Status: Sold

Genuine Parts Co | Wallace, NC

Gary W. Berwick, CCIM

980.729.5648
gary@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

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List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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