Napa Auto Parts
Baskersfield, CA
In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs.
NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years.
Over the years, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people.
Today, NAPA-branded stores and AutoCare Centers continue to serve auto service professionals, do-it-yourselfers and everyday drivers with quality parts and supplies to keep cars, trucks, and equipment performing safely and efficiently.
In the U.S., more than 500,000 part numbers are distributed across 57 distribution centers, 6,000 NAPA AUTO PARTS stores, and more than 16,000 NAPA AutoCare and AutoCare Collision Centers nationwide.
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Typical Lease Characteristics
Lease Term: 10 – 15 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate & Franchise
Tenant Overview
More wholesale customers use NAPA than any other parts supplier and ±94% of do-it-yourself customers recognize the NAPA brand. There’s a reason for it. NAPA Auto Parts Store owners are backed by dynamic advertising initiatives designed to drive customers to their stores. Since some stores are franchised however, important considerations must be given to the strength of the store owner, physical location and demographics.
Positives:
- One of the Market Leaders in its segment
- Typically Long term leases with increases
Negatives:
- Currently not rated
- Strong competition in industrty
- Increase pressures from online sales models
Market Snapshots:
On Market Ranges:
# of Properties in set: 7
Price: $716,240 - $922,060Average: $823,264
PPSF: $100 - $120Average: $109
Year Built: 1930 - 2008Average: 1983
CAP Rate Range: 6.50% - 8.05%Average: 7.06%
Size range: 1,940 sq ft - 12,250 sq ft Average: 7,377 sq ft
Last 12 Month Range:
# of Properties in set: 5
Price: $1,157,700 - $1,494,240Average: $1,346,160
PPSF: $217 - $274Average: $234
Year Built: 1960 - 2006Average: 1991
CAP Rate Range: 6.45% - 8.48%Average: 7.25%
Size range: 3,000 sq ft - 18,442 sq ft Average: 8,964 sq ft
Napa Auto Parts Similar Tenants
Napa Auto Parts Company Profile
Headquarters Information
Atlanta, Georgia
Founded in 1925
Company type: Public
Stock Ticker: GPC
Parent Company: Genuine Auto Parts
Industry: Retail
# of Employees: 10,001
Napa Auto Parts Stock Keys
Title | 2017 | 2016 |
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