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NAPA Auto Parts 646 SW Palmain Pl 4,340 SF Retail Building Madras, OR 97741 $1,200,000 ($276.50/SF) 6.50% Cap Rate
Investment Highlights
- Retail strip, main road, centrally located in Downtown Madras.
- Great frontage and signage on 5th.
- Total acreage is .49 AC.
Executive Summary
Single Tenant. Absolute net lease with a 6.5% Cap Rate. Established Auto Parts tenant with great frontage and signage on 5th street in Madras. Adjacent .35 Acre lot (TL 111311DA08700) is included, total land .49 Acres.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,340 SF
Building Class
C
Year Built
1955
Price
$1,200,000
Price Per SF
$276.50
Cap Rate
6.50%
NOI
$78,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.71
Lot Size
0.14 AC
Zoning
C3 - Adjacent .35 Acre lot (TL 111311DA08700) is included, total land .49 Acres.
Parking
20 Spaces (4.61 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
NAPA Auto Parts began in 1925 when independent auto parts sellers formed a cooperative to improve distribution. The company became a division of Genuine Parts Company in 2012. NAPA offers automotive replacement parts, accessories, and service items across North America. Their product lines include batteries, brakes, filters, engine components, and tools. While many stores operate independently, NAPA maintains a large distribution network. The brand continues expanding its market presence through strategic acquisitions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 111311-DA-08600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $194,260 |
Property Taxes
Parcel Number
111311-DA-08600
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$194,260
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NAPA Auto Parts | 646 SW Palmain Pl
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