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NAPA Auto Parts 1108 Kingold Blvd 6,105 SF 100% Leased Retail Building Snow Hill, NC 28580 $795,000 ($130.22/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Fresh 3 year lease with NAPA
- Great investment opportunity
- New roof in 2021
- Excellent retail history
- Low maintenance asset
EXECUTIVE SUMMARY
Fresh 3 year lease with NAPA
Multi-tenant Strip Center
Long standing rental history
Great visibility
Good parking
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$74,868
|
$12.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,868
|
$12.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,743
|
$1.92
|
| Net Operating Income |
$63,125
|
$10.34
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $74,868 |
| Annual Per SF | $12.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,868 |
| Annual Per SF | $12.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,743 |
| Annual Per SF | $1.92 |
| Net Operating Income | |
|---|---|
| Annual | $63,125 |
| Annual Per SF | $10.34 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
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. Across the decades, 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, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0308035 | Improvements Assessment | $334,060 |
| Land Assessment | $112,800 | Total Assessment | $446,860 |
PROPERTY TAXES
Presented by
NAPA Auto Parts | 1108 Kingold Blvd
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