3034 East Ave
Central Square, NY 13036
NAPA Auto (Syracuse) - 7.98% CAP 5 YR NNN · Retail Property For Sale

The subject property is a Napa Auto Parts store located at 3034 East Avenue in Central Square, New York. The property is leased to Genuine Parts Company (NYSE: GPC) on an absolute triple net lease with no landlord responsibilities whatsoever. NAPA Auto Parts has been operating at this location since 1996, demonstrating their commitment to this site. The subject property benefits from being situated on a high traffic, signalized intersection which is strategically located adjacent to a Walmart Supercenter just off Interestate 81. There are five years remaining on the lease term with four, five-year option periods remaining with 7.5% built in rental increases every five years. Central Square, New York is part of the Syracuse metropolitan statistical area which boasts a population of over 650,000 residents. Nearby tenants include Walmart Supercenter, Taco Bell, McDonald's, Burger King, Dollar Tree, Dunkin', Burdick Ford Dealership, and many other local retailers in the immediate trade area. Genuine Parts Company, founded in 1928, is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts and materials, and business products. The Company services tens of thousands of customers from more than 3,100 operations across the world and has approximately 48,000 employees.