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NAPA Auto Parts 803 E Main St 6,500 SF Retail Building El Centro, CA 92243 $1,616,000 ($248.62/SF) 7.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Flexible Usage: Suited for owner-users or investors seeking versatile opportunities.
  • Ample Storage: Fenced yard with 1,200 sq ft covered storage for added convenience
  • Convenient Access: Features two 10 ft and 12 ft grade level doors for easy loading and unloading.
  • Solid Cap Rate: Enjoy a 7.25% cap rate for strong investment returns.

EXECUTIVE SUMMARY

This property offers flexibility for both owner-users and investors. The owner is willing to lease back or vacate upon close of escrow. With a solid 7.25% cap rate and located in an Opportunity Zone, it presents favorable investment potential. Features include a 2,100 sq ft metal shelving mezzanine, multiple grade-level doors, a fenced yard with covered storage, and ample parking. Additionally, it is equipped with a cistern water system and a new septic system, enhancing its functionality.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,500 SF
Building Class
C
Year Built
1990
Price
$1,616,000
Price Per SF
$248.62
Cap Rate
7.25%
NOI
$117,160
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.61 AC
Opportunity Zone
Yes
Zoning
CH - CH - Heavy Commercial
Parking
14 Spaces (2.15 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • 6,500 SF
  • -
  • -

NAPA Auto Parts is a subsidiary of Genuine Parts Company (NYSE: GPC), founded in 1925 in Detroit and formally established as a national automotive parts association in Atlanta. It operates as a retailers' cooperative distributing aftermarket automotive parts, accessories, and service items to both professional and DIY customers across North America. The network includes over 6,000 stores and 18,000 Auto Care centers in the U.S., supported by approximately 69 distribution centers. NAPA maintains a major division office at 2999 Wildwood Parkway, Atlanta, on the Genuine Parts Company campus. The division’s leadership is integrated with its parent company, and the organization is publicly traded under GPC. NAPA has grown significantly through acquisitions, including the consolidation of Quaker City and recent expansion in 2024.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer 6,500 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
054-272-010-000
Land Assessment
$154,892
Improvements Assessment
$210,397
Total Assessment
$365,289
  • Listing ID: 21771574

  • Date on Market: 12/15/2020

  • Last Updated:

  • Address: 803 E Main St, El Centro, CA 92243

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