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Napa Portfolio 9 Retail Properties Offered at $15,789,854 in Multiple Locations
Investment Highlights
- NEW 5-YEAR LEASE EXTENSIONS
- PASSIVE ABSOLUTE NNN MASTER LEASE
- BUILT-IN RENT GROWTH
- INVESTMENT-GRADE TENANT CREDIT
- STRATEGIC GEOGRAPHIC DIVERSIFICATION
- FORTUNE 500 PARENT COMPANY
Executive Summary
Marcus & Millichap has been selected to exclusively market a
premier 9-property NAPA Auto Parts portfolio spanning nine states.
The portfolio is leased to Genuine Parts Company (NYSE: GPC) and
its subsidiary, offering a highly secure income stream backed by a
Fortune 500 parent company with over $24.3 billion in 2025
revenue. Demonstrating strong commitment to these locations, the
tenant recently executed 5-year lease extensions across the entire
portfolio—eight Master Lease renewals and one new direct lease for
the Florida location. All extended terms commence on November 1,
2027, running through October 31, 2032, ensuring stable and
predictable cash |ow.
The portfolio consists of 56,976 SF across eight master-leased
renewal properties plus one direct lease in Palmetto, FL, generating
a current annual base rent of $1,059,336. The properties feature rent escalations in Year 4 of the renewal term for
the eight master leases, with strong built-in growth and an Absolute
NNN structure on the majority of the assets.
The portfolio is exceptionally passive and features built-in yield
growth. The eight master-leased properties include rent escalations
in Year 4 of the renewal term, providing a reliable inflation hedge.
Furthermore, these eight properties operate under an Absolute
NNN Master Lease with absolute zero landlord responsibilities. The
ninth property (Palmetto, FL) operates under a standard NNN lease
where ownership is responsible only for the roof, exterior walls,
structural supports, foundations, underground utility lines, and
parking areas. Strategically positioned across New York, Virginia,
Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and
Florida, this nationwide footprint effectively mitigates regional
economic risk while capitalizing on consistent automotive
aftermarket demand. Ultimately, this offering presents a compelling
opportunity to acquire a stabilized, geographically diversified
portfolio entirely insulated by an investment-grade corporate
guarantor.
premier 9-property NAPA Auto Parts portfolio spanning nine states.
The portfolio is leased to Genuine Parts Company (NYSE: GPC) and
its subsidiary, offering a highly secure income stream backed by a
Fortune 500 parent company with over $24.3 billion in 2025
revenue. Demonstrating strong commitment to these locations, the
tenant recently executed 5-year lease extensions across the entire
portfolio—eight Master Lease renewals and one new direct lease for
the Florida location. All extended terms commence on November 1,
2027, running through October 31, 2032, ensuring stable and
predictable cash |ow.
The portfolio consists of 56,976 SF across eight master-leased
renewal properties plus one direct lease in Palmetto, FL, generating
a current annual base rent of $1,059,336. The properties feature rent escalations in Year 4 of the renewal term for
the eight master leases, with strong built-in growth and an Absolute
NNN structure on the majority of the assets.
The portfolio is exceptionally passive and features built-in yield
growth. The eight master-leased properties include rent escalations
in Year 4 of the renewal term, providing a reliable inflation hedge.
Furthermore, these eight properties operate under an Absolute
NNN Master Lease with absolute zero landlord responsibilities. The
ninth property (Palmetto, FL) operates under a standard NNN lease
where ownership is responsible only for the roof, exterior walls,
structural supports, foundations, underground utility lines, and
parking areas. Strategically positioned across New York, Virginia,
Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and
Florida, this nationwide footprint effectively mitigates regional
economic risk while capitalizing on consistent automotive
aftermarket demand. Ultimately, this offering presents a compelling
opportunity to acquire a stabilized, geographically diversified
portfolio entirely insulated by an investment-grade corporate
guarantor.
Property Facts
| Price | $15,789,854 | Number of Properties | 9 |
| Price / SF | $249.44 / SF | Individually For Sale | 0 |
| Cap Rate | 6.93% | Total Building Size | 63,300 SF |
| Sale Type | Investment | Total Land Area | 10.68 AC |
| Status | Active |
| Price | $15,789,854 |
| Price / SF | $249.44 / SF |
| Cap Rate | 6.93% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 63,300 SF |
| Total Land Area | 10.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2150 E Thomas Rd, Phoenix, AZ 85016 | Retail | 9,024 SF | 2001 | - |
| 1416 N US Highway 301 Hwy, Palmetto, FL 34221 | Retail | 6,000 SF | 1978 | - |
| 1423 Buford Hwy, Buford, GA 30518 | Retail | 6,324 SF | 2006 | - |
| 1531 S Robert St, Saint Paul, MN 55118 | Retail | 7,056 SF | 1999 | - |
| 8891 Highway 51 N, Southaven, MS 38671 | Retail | 7,056 SF | 1999 | - |
| 7234 Oswego Rd, Liverpool, NY 13090 | Retail | 7,920 SF | 1999 | - |
| 4507 Hard Scrabble Rd, Columbia, SC 29229 | Retail | 6,000 SF | 2007 | - |
| 2010 Pat Booker Rd, Universal City, TX 78148 | Retail | 6,000 SF | 2005 | - |
| 3901 Williamsburg Rd, Richmond, VA 23231 | Retail | 7,920 SF | 1999 | - |
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Sale Advisors
Sale Advisors
Alex Zylberglait, Executive Managing Director Investments CCIM
Alex Zylberglait is Senior Managing Director Investments in the Miami office of Marcus & Millichap. Over the last 20 years he has been involved in over $1.5 Billion in office, single-tenant net-lease, industrial, land and retail transactions, ranging in value primarily from $1 million to $20 million.
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Nearly 15 years of brokering deals in South Florida gives Alex in-depth knowledge of the Miami market and the ability to deliver first-hand intelligence on properties and market conditions to optimize execution. Alex and his Marcus & Millichap team of commercial real estate specialists provide detailed market analysis, underwriting, and investment services for an array of domestic and international clients. Raised in South America, Alex interacts fluidly with domestic and Latin American investors.
Prior to joining Marcus and Millichap, he held the position of Director of Acquisitions for a large operator in the Southeast U.S., where he raised an equity fund of approximately $100 million. Previous to this position he held the position of advisor at Ernst and Young, specializing in the disposition and evaluation of performing and underperforming assets as well as REOs.
Alex has earned the designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtor (SIOR.) He received his B.A. from the University of California and his MBA with a concentration in finance and real estate from the University of Illinois.
License: FL: BK3015211
Ryan Nee, Chief Revenue Officer/Division Manager
Ryan D. Nee is Senior Vice President and Division Manager of Marcus & Millichap’s Southeast Division. Additionally, Ryan oversees the daily operations of the South Florida offices. Ryan joined Marcus & Millichap in February 2007 under the Sales Intern Program and became an associate specializing in Office & Industrial properties the same year. He was promoted to Senior Associate in 2010. Ryan joined the management team in October 2011 as Sales Manager of the Fort Lauderdale office. He transferred to the Manhattan office in June 2012 to serve as Sales Manager, and the following year he was appointed to Regional Manager of the New Jersey office. In 2014, Mr. Nee returned to Florida upon his appointment as Regional Manager, Fort Lauderdale. He was promoted to Vice President in 2015, First Vice President in 2018 and Senior Vice President in 2022. Mr. Nee holds a bachelor’s degree in finance from the University of Florida. He and his wife, Brittney, have three children: Bobby, Blake and Ella.
Todd Lindblom, First Vice President/Regional Manager
Todd Lindblom is the regional manager of Marcus & Millichap’s Milwaukee and Minneapolis offices and serves as the national director of the firm’s Seniors Housing Division.
With 27 years of experience in commercial real estate, Todd began his career at a boutique investment real estate firm in 1998 and joined Marcus and Millichap in 2011, specializing in multifamily property sales. He was promoted to sales manager in 2015 and subsequently named regional manager in 2016. In 2020, he was appointed national director of the Seniors Housing Division, where he brings deep industry insight and leadership to one of the firm’s most specialized verticals.
Todd holds a bachelor’s degree in business administration with an emphasis in finance from St. Norbert College in DePere, Wisconsin.
With 27 years of experience in commercial real estate, Todd began his career at a boutique investment real estate firm in 1998 and joined Marcus and Millichap in 2011, specializing in multifamily property sales. He was promoted to sales manager in 2015 and subsequently named regional manager in 2016. In 2020, he was appointed national director of the Seniors Housing Division, where he brings deep industry insight and leadership to one of the firm’s most specialized verticals.
Todd holds a bachelor’s degree in business administration with an emphasis in finance from St. Norbert College in DePere, Wisconsin.
William Davis, Director
Mickey Davis is a broker with Marcus & Millichap working out of the Memphis Office specializing in retail investment properties. Mr. Davis is an expert in Multi-Tenant Retail Investment Properties. He has been working in the commercial real estate industry since 1998, engaging buyers and sellers interested in maximizing their real estate investment dollars.
Mr. Davis joined Marcus & Millichap in 2017 and has extensive knowledge and transaction history across West Tennessee, Arkansas and Mississippi. Over his 24 year career, Mr. Davis has worked with the Commercial Division of 1st Choice Realty, PMC Real Estate Services, Southland Real Estate services and Newmark Knight Frank. Mr. Davis has also developed properties, completed tenant improvements and managed buildings for clients.
Mr. Davis joined Marcus & Millichap in 2017 and has extensive knowledge and transaction history across West Tennessee, Arkansas and Mississippi. Over his 24 year career, Mr. Davis has worked with the Commercial Division of 1st Choice Realty, PMC Real Estate Services, Southland Real Estate services and Newmark Knight Frank. Mr. Davis has also developed properties, completed tenant improvements and managed buildings for clients.
Ryan Sarbinoff, First Vice President/Regional Manager
Ryan Sarbinoff is a Vice President and the Regional Manager of Marcus & Millichap’s Phoenix, Tucson, and Albuquerque offices. He joined the firm’s Indianapolis office in 2005 under the Sales Intern Program and became an agent in 2006, specializing in multi-tenant and single-tenant net-leased retail investments. Ryan joined the management team in 2013 as the Sales Manager of the Cleveland office, then transferred to the Cincinnati office in 2014 and was promoted to Regional Manager in 2015 prior to transferring to the Phoenix office in 2017.
Ryan graduated from Indiana University with bachelor’s degrees in history and criminal justice and a minor in business.
Ryan graduated from Indiana University with bachelor’s degrees in history and criminal justice and a minor in business.
John Horowitz, Senior Vice President/Division Manager
John Horowitz is a First Vice President and Division Manager with Marcus & Millichap. He has oversight of the firm’s offices in the Northeast United States and Northeast Canada, and is responsible for the day-to-day operations of the Manhattan, Brooklyn, Westchester, and New Haven offices. John joined the firm in 2006 and was appointed Regional Manager in 2010, Vice President in 2015, First Vice President in 2019, District Manager in 2020 and Division Manager in 2022.
Prior to joining Marcus & Millichap, John was a corporate lawyer. He holds a B.A. from Tufts University and a J.D. from Fordham University School of Law.
Prior to joining Marcus & Millichap, John was a corporate lawyer. He holds a B.A. from Tufts University and a J.D. from Fordham University School of Law.
Timothy Speck, Executive Managing Director / Chief Revenue Officer
Tim Speck serves as a senior vice president and division manager of the firm’s Texas offices. He is active in the firm’s agent training and development programs, facilitating several training classes every year and working closely with agents of all levels to help them successfully launch and advance their careers. And under his leadership, the Dallas office has grown into one of the firm’s top offices.
Mr. Speck joined Marcus & Millichap in 1993 as a sales assistant in the Dallas office. With the formation of the firm’s research department in 1996, he relocated to the Phoenix office and became a divisional research manager. During his tenure, he was charged with establishing local research departments in selected Marcus & Millichap offices throughout the country. Mr. Speck was also instrumental in the formation of the firm’s central market research group.
Prior to accepting the regional manager role in the Dallas, Mr. Speck earned the title of sales manager in the Phoenix office. He has also served as the manager in charge of the firm’s Major Account Services (MAS) group and led the firm’s development of some of the industry’s leading marketing, packaging and financial analysis models.
Mr. Speck joined Marcus & Millichap in 1993 as a sales assistant in the Dallas office. With the formation of the firm’s research department in 1996, he relocated to the Phoenix office and became a divisional research manager. During his tenure, he was charged with establishing local research departments in selected Marcus & Millichap offices throughout the country. Mr. Speck was also instrumental in the formation of the firm’s central market research group.
Prior to accepting the regional manager role in the Dallas, Mr. Speck earned the title of sales manager in the Phoenix office. He has also served as the manager in charge of the firm’s Major Account Services (MAS) group and led the firm’s development of some of the industry’s leading marketing, packaging and financial analysis models.
John Leonard, First Vice President/Regional Manager
John joined Marcus & Millichap in 1995 as a salesperson in the Las Vegas office. John was promoted to Regional Manager of the Las Vegas office in 2000 and relocated to Atlanta to serve as its Regional Manager in 2002.
John graduated from SUNY Potsdam with a bachelor of arts degree in English literature and earned an MBA from the University of Phoenix.
John graduated from SUNY Potsdam with a bachelor of arts degree in English literature and earned an MBA from the University of Phoenix.
Brian Hosey, SVP/District Manager
Brian Hosey is a Vice President and the District Manager of Marcus & Millichap’s Charlotte Uptown, Greensboro, Raleigh, Charleston, Columbia, Hampton Roads, and Richmond offices. He is also the firm’s Director of Hospitality. Brian joined the firm in 2010 as an agent specializing in investment sales in Manhattan.
In 2013 he was promoted to Sales Manager of the Manhattan office, followed by his promotion to Regional Manager of the New Jersey office in 2014 before relocating to Washington, D.C.
In 2013 he was promoted to Sales Manager of the Manhattan office, followed by his promotion to Regional Manager of the New Jersey office in 2014 before relocating to Washington, D.C.
Contacts
-
Alex Zylberglait -
Ryan Nee -
Todd Lindblom -
William Davis -
Ryan Sarbinoff -
John Horowitz -
Timothy Speck -
John Leonard -
Brian Hosey -
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