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NAPA Auto Parts | Altoona, PA 213 Union Ave 16,983 SF 100% Leased Retail Building Altoona, PA 16602 $1,782,000 ($104.93/SF) 6.75% Cap Rate
Investment Highlights
- Corporately guaranteed NAPA Auto Parts backed by investment-grade Genuine Parts Company (NYSE: GPC).
- Prime location off I-99 in Altoona’s dominant retail corridor surrounded by major national retailers.
- Strong visibility and traffic counts with 75,000+ residents nearby and solid local incomes.
- Over 25 years of operating history with multiple lease extensions and a 2018 expansion.
- Passive NN lease through June 2031 with minimal landlord responsibilities and one renewal option.
- Close to major economic drivers including Penn State Altoona, VA Medical Center, and within 40 miles of Penn State’s main campus.
Executive Summary
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Double Net
- Jun 2031
NAPA Auto Parts located at 7905 Philadelphia Road in Rosedale, Maryland, is a full-service automotive parts and accessories retailer serving both do-it-yourself customers and professional repair shops. The store is part of the National Automotive Parts Association (NAPA), a national network known for its expansive inventory and reliable distribution system. The Rosedale location stocks a comprehensive selection of parts—including batteries, brakes, fluids, filters, belts, hoses, headlights, powertrain components, and exhaust parts—as well as tools and equipment for automotive repair, marine use, heavy-duty applications, and agriculture. The store maintains extended weekday and weekend hours for customer convenience and offers services such as in-store pickup for online orders, same-day availability for many products, and friendly counter assistance to help identify correct parts. Customer reviews highlight the store’s helpful staff, wide inventory availability, and cleanliness.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Double Net | Jun 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00039724 | Improvements Assessment | $823,000 |
| Land Assessment | $131,000 | Total Assessment | $954,000 |
Property Taxes
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NAPA Auto Parts | Altoona, PA | 213 Union Ave
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