NAPA Auto Parts - Net Lease Property for Sale
Temperance, MI
Key Investment Metrics
Price
$875,000
Cap Rate
7.2%
Net Operating Income
$63,000
Building Size
7492 SF
Lot Size
7,492 SF
Land Area
0.64 Acres
Remaining Term
1.3 years
Lease Expiration
10/31/2027
Lease Term
6 years
Lease Commencement
10/29/2021
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
1959
Occupancy
100%
Tenancy
Single
Rent Increases
$0.40 PSF in Option
About This NAPA Auto Parts Net Lease Property
This NAPA Auto Parts NNN (triple net lease) property is located in Temperance, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 7492 square feet of building space and was built in 1959.
With a cap rate of 7.2%, this NAPA Auto Parts net lease property offers stable income potential. The asking price is $875,000, making it an attractive option for 1031 exchange investors seeking quality NAPA Auto Parts commercial properties.
Why Invest in NAPA Auto Parts NNN Properties?
- Stable Income: NAPA Auto Parts net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: NAPA Auto Parts is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Temperance, MI Market Overview
Located in Temperance, MI, this NAPA Auto Parts property benefits from strong local demographics and market fundamentals. The Temperance area offers excellent visibility and accessibility, making it an ideal location for NAPA Auto Parts operations and a solid investment for net lease property buyers.