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NAPA Auto Parts | Long Term Operating History

$446,000

402 Carlton Road, Palmetto, GA 30268

Pending
Last Updated: 04/09/2021

7.31

Cap Rate

32,599

NOI

Details:
Cap Rate:    7.31%
NOI:    $32,599
Building Size:    4,800 sqft
Lot Area:    0.97 acres
Lease Type:    Modified Gross
Year Built:    2008
Price Per Sqft:    $92.92
Roof & Structure:    Landlord’s Responsibility
HVAC:    Landlord - Any HVAC Repairs in Excess of $1,000 Per Lease Year
Repairs & Maintenance:    Landlord’s Responsibility
Highlights:
  • Long-Term Operating History as a NAPA Auto Parts Store; Genuine Parts Corporation (GPC) Recently Showed Commitment to the Location By Acquiring the Business Now Corporately-Run
  • Essential Business – Open and Paying Full Rent Throughout Pandemic
  • NAPA is Owned By Atlanta Based Genuine Parts Company and Has Over 17,000 Locations in the U.S. and Abroad
  • NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
  • Below Market Rent
  • 5% Base Rent Increase at Each Option
  • Strong Demographics – Over 31,787 Residents Within a 5-Mile Radius With an Average Household Income of $88,616
  • Located Near Interstate 80 Which Sees Over 90,700 Vehicles Per Day
  • Nearby Tenants Include: McDonald’s, Piggly Wiggly, Dollar General, Dairy Queen, Family Dollar, Taco Bell, Chick-fil-A, Starbucks, Pizza Hut and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,800 SF NAPA Auto Parts at 402 Carlton Road in Palmetto, GA. This Opportunity Includes a High Quality Tenant That is Owned By Atlanta Based Genuine Parts Company and Has Over 17,000 Locations in the U.S. and Abroad, Providing For a Secure Investment.




In Cooperation With Sands Investment Group Atlanta, LLC - Lic. # 67374

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