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Napa Auto Parts 839 Emerson Ave 22,000 SF Industrial Building Calexico, CA 92231 $2,700,000 ($122.73/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 3.5% Annual Increases: Ownership signed a 10-year sale leaseback with Genuine Parts in January of 2025 including extremely rare 3.5% annual increases
- Excellent Visibility: Located at the corner of Emerson Ave and McKinley St, the property has visibility to over 20,000 vehicles daily
- Distribution Facility: This location was the primary and flagship facility for Country Motor Parts prior to Genuine Parts Company’s acquisition.
- Passive Lease Structure: The lease offers minimal landlord maintenance responsibilities where the landlord is only responsible for the maintenance
EXECUTIVE SUMMARY
David Harrington
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
PROPERTY FACTS
| Price | $2,700,000 | Rentable Building Area | 22,000 SF |
| Price Per SF | $122.73 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1995 |
| Cap Rate | 5.75% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.91/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 20’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.72 AC | Opportunity Zone |
Yes
|
| Zoning | C | ||
| Price | $2,700,000 |
| Price Per SF | $122.73 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.72 AC |
| Rentable Building Area | 22,000 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 0.91/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | C |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
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 | - | - | - |
PROPERTY TAXES
| Parcel Number | 058-302-001-000 | Improvements Assessment | $108,164 |
| Land Assessment | $600,090 | Total Assessment | $708,254 |
PROPERTY TAXES
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Napa Auto Parts | 839 Emerson Ave
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