NAPA Auto Parts - Single Tenant Investment Opportunity

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, (annual revenue 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 executed a three year lease renewal for the Hart location effective June 2025. The corporate backed lease has 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.