Bellmead, TX - Napa Auto Parts

Description:

• Approximately 8 years remaining of primary lease term
• The lease features a 4% rent increase at the beginning of year 9
• Over 20 years of operating history in the area, demonstrating consistent long-term success
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories

• Close proximity to Waco’s major leisure and economic drivers, including Baylor University (20,000 students), Magnolia Market, Downtown Waco and Cameron Park Zoo
• TxDot is converting Loop 340 into a divided freeway, adding a new 12-ft travel lane in each direction and constructing new two-lane frontage roads, including new crossings over the Brazos River and Union Pacific Railroad, project totaling$26 million and seeking $110 million to complete the project
• Multiple new developments along Loop 340 with new 63-home Hilltop Heights underway along with a planned Home2 Suites hotel just a mile away
• The asset is one of the top visited Napa Auto Parts in the USA
• The tenant previously operated in a nearby shopping center before relocating to this 8,800 sq. ft. all brick, built-to-suit facility completed in 2019

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Listing ID: a28TP000002YdnNYAS