NAPA Auto Parts | Plymouth, MI
Sands Investment Group is Pleased to Present For Sale the NAPA Auto Parts NNN Lease Located in Plymouth, Michigan. This Deal Includes a Brand New 3-Year Corporate Lease-Extension Signed With Tenant. Long Term History and Below Market Rent, Providing For a Secured Investment.
- Brand New 3-Year Corporate Lease-Extension Signed With Tenant: NAPA Auto Parts (Genuine Parts Company), the Largest Global Auto Parts Network
- Long Term History: Genuine Parts Co. (NAPA) Has Been at the Property Since 2016, While the Building Has Operated as an Auto Parts Retailer Since 1945
- Below Market Rent: The Tenant is Paying Just Under $8 Per SF in NNN Rent; The Market’s Average Rent is $16-18 Per SF
- 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: 8,600 SF Building Situated on 0.36 Acres With 18 Parking Spaces
- 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
- Excellent Access and Visibility: Situated Along Mill Street With Over 8,609 Vehicles Per Day
- Location: Well-Located Store in a Strong Retail Corridor, Right Off of State Highway 14
- Strong Demographics: Population of 181,691 Residents Making an Average Household Income of $117,515 Within a 5-Mile Radius
- Nearby Retailers Include: Home Depot, Subway, Planet Fitness, Anytime Fitness, Kroger, Ace, AutoZone, Target and Bed Bath & Beyond
In Cooperation With: Sands Investment Group Michigan, LLC Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman MI Lic. # 6502424113
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