2680 100th St
Urbandale, IA 50322
Napa Auto Parts · Retail Property For Sale

ABSOLUTE NNN LEASE The subject property operates under an Absolute NNN Lease, with 6-years remaining and no Landlord management or maintenance responsibilities whatsoever. CORPORATELY GUARANTEED LEASE The Lease is corporately guaranteed by Genuine Parts Company and offers rent increases every 5-Years throughout the primary term and 4, 5-Year Renewal Option Periods. FORTUNE 500 PARENT COMPANY Genuine Parts Company (NYSE: GPC) is comprised of three business segments. The Automotive Parts Group (APG) is the largest division of the company, which distributes automotive replacement parts, accessories and service items throughout the United States, Canada, Mexico, France, the U.K., Germany, Ireland, Poland, Australia and New Zealand. As the largest global auto parts network, APG generated 53% of the Company’s Total Net Sales, totaling nearly $8.7 billion in global sales for 2017. There are 6,000 NAPA Auto Parts retail stores and 57 Distribution Centers nationwide across 45 states. Approximately 1,142 retail locations are company-owned. WELL-ESTABLISHED LOCATION WITH STRONG DEMOGRAPHICS (DES MOINES MSA) The subject property has a 21-year operational history at this location, situated in a concentrated retail corridor and located near The UPS Store, CarMax, Hertz, Enterprise Rent-A-Car, Burger King, Arby’s, Wendy’s, Allstate Insurance, StoragePlex and many regional retailers. Also in the immediate trade area are several car dealerships such as BMW, Mercedes-Benz, Subaru and Lexus. There are strong demographics in Urbandale with 192,162 residents having an average household income of $111,321 within a 1-mile radius. GENUINE PARTS COMPANY AND NAPA AUTO PARTS(1) • Genuine Parts Company is the #1 Automotive Parts Supplier in the United States and has the largest global auto parts network • 6,000 NAPA Auto Parts retail stores, 17,000+ NAPA AutoCare Centers and 57 Distribution Centers nationwide across 45 states • The Automotive Parts Group of Genuine Parts Company distributes more than 530,000 retail and commercial automotive replacement parts from more than 3,100 operations across 10 countries • A record $16.31 billion in revenues was produced in 2017, representing a 6.3% increase from 2016 • 2017 marks the 85th year of increased revenues, 74th year of increased profits and 62nd consecutive year of dividend increases (1) Genuine Parts Company is the Tenant under the Lease.