Interested in selling your NAPA Auto Parts NNN property or NAPA Auto Parts lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market NAPA Auto Parts NNN property for sale or NAPA Auto Parts ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your NAPA Auto Parts NNN property or the inclusion of a NAPA Auto Parts ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market NAPA Auto Parts properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, NAPA Auto Parts operates over 6,000 stores in various locations across the United States and Canada.
Revenue and income
In 2022, NAPA Auto Parts reported a total revenue of $8.5 billion, with a net income of $550 million.
Future plans
NAPA Auto Parts has ambitious plans for expansion in the coming years. In 2023, the company aims to open more than 500 new stores and distribution centres to enhance its service coverage. Additionally, NAPA actively invests in innovative technologies to streamline its operations and improve customer experiences.
Corporate vs. franchise
NAPA Auto Parts operates through corporate-owned stores and independent franchise locations. Approximately 60% of NAPA stores are franchised, while 40% are company-owned. Franchisees typically enter into agreements with NAPA that include franchise fees and a percentage of gross sales as royalties.
Additional information NAPA Auto Parts Properties
NAPA Auto Parts was established in 1925 in Atlanta, Georgia.
The company’s name, NAPA, stands for the National Automotive Parts Association.
NAPA Auto Parts is a leading automotive replacement parts, tools, and equipment provider.
Popular products offered by NAPA include automotive parts, tools, accessories, and maintenance products.
NAPA Auto Parts is a division of Genuine Parts Company, an established distributor of automotive and industrial replacement parts.
NAPA Auto Parts History
NAPA Auto Parts has a rich history dating to its founding in 1925. The company was established in Atlanta, Georgia, and has since become a prominent player in the automotive parts and accessories industry. NAPA Auto Parts has improved over the years to satisfy the shifting demands of its clients. Today, it is a trusted brand known for its commitment to quality and service.
Why Invest in Ground Lease and NNN Lease of NAPA Auto Parts?
Investing in NAPA Auto Parts’ ground lease and triple net (NNN) lease properties offers several compelling advantages:
1) NAPA Auto Parts NNN Property Investment: Stable income
With its strong brand presence and market reputation, NAPA Auto Parts provides a reliable source of income. Ground and NNN leases ensure consistent cash flows over the long term.
2) NAPA Auto Parts NNN Property Investment: Established tenant
NAPA Auto Parts’ well-established success and recognizable brand reduce the risk of tenant vacancies or lease defaults, ensuring a dependable tenant for the property.
3) NAPA Auto Parts NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant typically manages property maintenance and expenses, minimizing the landlord’s involvement in day-to-day operations.
4) NAPA Auto Parts NNN Property Investment: Favorable lease terms
Long lease terms often include built-in rent escalations, providing predictable income and the potential for rental growth.
5) NAPA Auto Parts NNN Property Investment: Real estate value
Strategically located NAPA Auto Parts stores in high-traffic areas can enhance property value, offering the possibility of capital appreciation.
Pros and Cons of NAPA Auto Parts Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on NAPA Auto Parts’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.