Hillsboro, TX - Napa Auto Parts

Description:

• Over 2 years of primary lease term remaining on their initial lease with 2 (5-year) option to extend, demonstrating their commitment to the site
• The lease features a 16.67% rental increase in Sept. of 2027 and has a 7.15%increase in the option period
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories

• Napa is at the hard corner intersection of Corsicana Hwy (16,100 VPD) and S. Church Street
• The site is located near Interstate 35 (65,000 VPD), providing direct on/off ramp access for travelers
• Top 50% of all stores in the USA
• The owner structured the lease to be below market rents; store has history of strong store sales (Contact Agent)
• The subject property is in close proximity to multiple national/credit tenants including Starbucks, McDonald’s, Dollar General, Walmart Supercenter, Tractor Supply Co, Whataburger and many more
• Strong tenant synergy increases consumer draw to the immediate trade and promotes crossover store exposure to the site
• The asset has excellent visibility via street frontage providing ease and convenience for customers

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Listing ID: a28TP000002Lx7BYAS