Napa Auto Parts

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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Parent Company: Genuine Auto Parts
Store Count: 6,000
S&P Rating: N/R
Moody Rating: N/R

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.


  • One of the Market Leaders in its segment
  • Typically Long term leases with increases


  • 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 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

S&P Rating: N/R
S&P Rating: N/R

Napa Auto Parts Stock Keys

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