NAPA Auto Parts | Hartford, CT
Sands Investment Group is Pleased to Present For Sale the NAPA Auto Parts NNN Located in Hartford, Connecticut. This Deal Includes a Triple Net (NNN) Lease, Two-Story Retail Building With a Corner-Lot Location on 0.30 Acres, Providing For an Excellent Investment.
- Corporately-Guaranteed Investment Property: NAPA Auto Parts (Genuine Parts Company) is the Largest Global Auto Parts Network
- Below Market Rent: The Tenant is Paying Just Under $8 PSF in Triple Net (NNN) Rent; The Market’s Average Rent is $18-$24 PSF
- Long Term History: Genuine Parts Co. (NAPA) Has Been at the Property Since 2004
- Triple Net (NNN) Lease Offers Little Landlord Attention: Tenant Responsible For Taxes, Insurance, Utilities and For All Day-to-Day Maintenance of the Grounds, Including Snow Plowing and Trash Removal
- Property: This is a Two-Story Retail Building With a Corner-Lot Location in Front of a Price Chopper Grocery; The Building is 6,880 SF in Size Situated on 0.30 Acres With 15 Parking Spaces (Ground floor: 3,440 SF; Basement: 3,440 SF)
- Essential Business: Open and Paying Rent Throughout the Pandemic
- Store Performance: NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
BoR: Andrew Ackerman – Lic. CT #REB.0792529
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