Tenant: NAPA Auto Parts | Turin, GA Premises: 10,000 SF Renewal Options: 2 x 5 Years
Lease Expiration: 8/31/2024 Lease Type: Gross Rental Increases: 5% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the NAPA Auto Parts Gross Lease Investment Property Located at 5079 GA-16 in Turin, Georgia. This Opportunity Includes a High Quality Tenant That is Owned By Atlanta Based Genuine Parts Company and Has Over 17,000 Locations in the U.S. and Abroad, Providing For a Secure Investment.
Long-Term Operating History as a NAPA Auto Parts Store; Genuine Parts Corporation (GPC) Recently Showed Commitment to the Location By Acquiring the Business Now Corporately-Run
Essential Business – Open and Paying Full Rent Throughout Pandemic
NAPA is Owned By Atlanta Based Genuine Parts Company and Has Over 17,000 Locations in the U.S. and Abroad
NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
Below Market Rent
5% Base Rent Increase at Each Option
Situated on Georgia Route 16 Which Sees Over 107,100 Vehicles Per Day
Nearby Tenants Include: USPS, U-Haul, J&M Pool Company, Dean’s Auto Sales, Shoemaker’s Garage and the County’s Fire Station
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374
The National Automotive Parts Association (NAPA), also known as NAPA Auto Parts, founded in 1925, is an American retailers’ cooperative distributing automotive replacement parts, accessories and service items in North America. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Over the years, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people.
Today, NAPA-branded stores and AutoCare Centers continue to serve auto service professionals, do-it-yourselfers and everyday drivers with quality parts and supplies to keep cars, trucks, and equipment performing safely and efficiently. The NAPA distribution system has more than 500,000 part numbers which are distributed across 57 distribution centers, 6,000 NAPA Auto Parts stores, and more than 17,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States.