NN Automotive Asset

NAPA Auto Parts | Des Moines, IA

Sands Investment Group is Pleased to Present Exclusively For Sale the 9,000 SF NN Automotive Asset Located at 5501 Douglas Avenue in Des Moines, Iowa. This Deal Includes a High Quality Tenant That Has Been at This Location Since 2009, Providing For a Secure Income.

  • Double Net (NN) Lease Allows For a Passive Investment With Minimal Landlord Responsibilities
  • Corporate Guarantee From Genuine Parts Company, Which is the Largest Global Auto Parts Network
  • Tenant Has a Long-Term History at This Location Operating Since 2009
  • Below Market Rents
  • 2% Annual Rent Increases
  • This is a Rare Location For Genuine Parts Company in That They Operate Both Their Auto Parts Supply and Genuine Paints Business at This Location
  • Essential Business – Open and Paying Full Rent Throughout the Pandemic
  • NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
  • Excellent Access and Visibility Along Route 6 Which Sees Over 36,900 Vehicles Per Day
  • Near Interstate 95 Which Sees Over 101,200 VPD
  • 91,886 Residents Live Within a 3-Mile Radius Making an Average Household Income of $82,578

In Cooperation With Sands Investment Group Iowa, Inc – Lic. # F06091000 BoR: Andrew Ackerman- IA Lic. # B67615000

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