Tenant: NAPA Auto Parts | Newtown, CT
Premises: 11,082 SF
Renewal Options: Varies
Lease Expiration: Varies
Lease Type: NN
Rental Increases: 2.00% Annually
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,922 SF NAPA Auto Parts NN Asset Located at 111 S Main Street in Newtown, CT. This Deal Includes 8+ Years Remaining on the Lease Term With 2.00% Annual Rent Increases, Providing For a Secure Investment.
BoR: Andrew Ackerman – Lic. CT #REB.0792529
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NAPA AUTO PARTS
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. 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 16,000 NAPA AutoCare and AutoCare Collision Centers throughout the United States. 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. Genuine Parts Company, founded in 1928, is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company serves hundreds of thousands of customers from a network of more than 10,000 locations in 15 countries and has approximately 50,000 employees.