NAPA Auto Parts - Single Tenant Investment Opportunity

$285,000

65 S. State St., Hart, MI 49420

For Sale

Retail Street Retail

Active

Last Updated: 06/30/2025

Details:

Building Size: 3,500 sqft

Lot Area: 0.182 acres

Occupancy: 100%

Units: 1

Floors: 1

Offered by

Dan Stewart

Managing Director

SVN | Stewart Commercial Group

#6502361450

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Highlights:

Rare GPC Corporate Lease
60+ Year History: NAPA Has Been at the Property Since 1962
Fortune 200 Tenant with a $16.7B Market Cap
Highly Visible and Recognizable Main Street Location in Historic Downtown Hart, MI
Recession & E-Commerce Resistant Investment
Attractive Cap Rate
Extremely Low Price Point for Investment Grade Tenant

Description:

SVN | Stewart Commercial Group is pleased to present the opportunity to acquire a modified gross, corporate guaranteed, single tenant, NAPA investment property located in Hart, MI. Genuine Auto Parts (NYSE; GPC), NAPA Auto Part's parent and a Fortune 200 company, (market cap of $24B), acquired the Hart, MI location in 2021 from a long standing, retiring owner to cements its place in the market. NAPA boasts a long and strong operating history at this location with 60 years of continual occupancy. This location is known and recognized by area businesses and residents far and wide for having a long-standing presence on Main Street since 1962.

Genuine Parts Company (GPC) recently singed three year lease renewal for the Hart location effective June 2025. The corporate backed lease has over 3 years of term remaining plus one (1), 3-year renewal options, which includes a 5% rent increase in the option period. Local store management has been in place for decades and the location is deemed to be a solid performer in the NAPA store network.

NAPA Auto Parts was founded in 1925 and is a leading retailer of automotive replacement parts. Genuine Auto Parts (NYSE: GPC), NAPA's parent company, has a BBB investment-grade rating from Standard & Poor’s.

Long standing NAPA Auto Parts location located in the resort community of Hart, MI. Conveniently located off US-31 between Grand Rapids, MI and Traverse City, MI. Excellent visibility on signaled Main Street in the historic downtown central business district. Convenient parking is available along Main Street as well as in the public lot directly behind the NAPA store.