- Over 6+ 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
- Tenant has expressed interest in renewing the lease early at a 10-16% increase in rent (Contact Agent for Details)
- Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories
Investment Offering
Hillsboro, TX - Napa Auto Parts
201 Corsicana Hwy | Hillsboro, TX 76645
$600,000
Price6%
Cap Rate$36,000
NOI2022
Year Built5,000
± SF Offering GLA0.43
± AC Land AreaDescription
Location
- 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
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739