Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$600,000 - $1,750,000|
|Average NOI||$50,000 - $100,000|
|Building SF||5,000 - 8,000|
|Lease Term||10 - 15 Years|
NAPA is part of the Genuine Parts Company, found on the New York Stock Exchange as GPC. They are a worldwide auto leader in aftermarket parts, having international headquarters throughout Canada, Mexico (Auto Todo), Australia (Repco), and in NZ.
Latest statistics show that NAPA owns fifty eight distribution centers in the United States, with sixteen thousand NAPA AutoCare Centers. Add to this over six thousand stores, both corporate and independently owned. NAPA inventory numbers total 475k auto parts altogether for various industry specific applications and general automotive needs.
The formations of NAPA began in the 1920’s, when an influential group of automotive sellers met in Detroit, Michigan and created the National Automotive Parts Association. Then in 1936, they officially became known as NAPA, opening up their first store location in Atlanta, Georgia.
Upon founding, they began with a clear mission to facilitate the easy transport of automotive parts and accessories to customers through the United States. They knew in advance that customers in every state would be relying on Henry Ford’s invention more and more in the coming years. Fast forward 100 years, and today NAPA services extend to automotive stores, DIY consumers, mechanics, and others with aftermarket necessities for vehicle maintenance and upkeep.
|Number of Locations||6,000+|
|Key Principal||Paul Donahue|