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Napa Auto Parts - Madera, CA 509 S Gateway Dr 7,000 SF Retail Building Madera, CA 93637 $1,261,226 ($180.18/SF) 6.85% Cap Rate
Investment Highlights
- Immediate Interstate Access: Strategically located just off Golden State Highway and South Madera Ave., the property offers direct access
- Build-to-Suit Asset: Delivered in 2016, this is one of the most recent build-to-suit NAPA locations in California.
- Fortune 200 Guarantor: The lease is backed by Genuine Parts Company (NYSE: GPC), a Fortune 200 company
- High Store Performance: This location ranks in the 88th percentile nationally and the 78th percentile within California (AlphaMap)
- Market Exclusivity: The subject property is the only NAPA Auto Parts location within Madera, with the nearest alternative more than 22 miles in Fresno
- Automotive Synergy: Surrounded by more than a dozen automotive repair businesses within a one-mile radius
Executive Summary
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
- -
- -
- -
NAPA Auto Parts began as the National Automotive Parts Association in 1925, formed to meet growing demand for an organized auto parts distribution system. The company now focuses on automotive replacement parts, accessories, and service items, with offerings that include online parts shopping, store-based retail, and support for repair shops through NAPA AutoCare and professional services. NAPA Auto Parts also operates a broad retail and service network across North America, serving do-it-yourself customers and professional installers through company-owned and independently owned locations. The brand remains part of Genuine Parts Company and continues to center on maintenance, repair, and aftermarket supply for cars, trucks, and SUVs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 011-042-008 | Improvements Assessment | $1,007,940 |
| Land Assessment | $194,469 | Total Assessment | $1,202,409 |
Property Taxes
