NAPA Auto Parts | Newtown, CT
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.
- This Location Has Operated as an Auto Parts Business Since the 1960’s; The Location Provides Solid Real Estate in Newtown, CT, a City With an Average Household Income of Over $160,000
- Property: The Building is 11,082 SF in Total, Regional NAPA Auto Parts Franchisee & Jobber, Named Klover Inc, Occupies the Majority of the Property at 9,072 SF; A Local Florist Shop Named Newtown Florist Occupies 2,010 SF
- Corporately-Guaranteed Investment Property: NAPA Auto Parts (Genuine Parts Company) is the Largest Global Auto Parts Network
- Both Tenants Are Highly Rated on Google Reviews With an Average Rating of 4.5 Stars and Have a Strong Reputation in Their Community
- 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
- 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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