NAPA Auto Parts NNN
1423 Buford Hwy NE Buford, GA 30518
New
For Sale
$2,030,769
Nine NAPA Auto Parts locations are leased to Genuine Parts Company with extended terms commencing November 1, 2027.
Property Size6,000 SF
Price / SF$338.46
Days on Market6
Property Features for 1423 Buford Hwy NE
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Auto Parts
Listing Agency:
Miami Office
(786) 522-7056
Listed By:
Alex Zylberglait · License #License(s): FL: BK3015211
(786) 522-7056
Source:
Marcusmillichap
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 30 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miami Office
Investment Insights
Based on property information with market context.
This for-sale NNN portfolio consists of nine NAPA Auto Parts locations totaling 56,976 SF, leased to Genuine Parts Company (NYSE: GPC) and its subsidiary. The portfolio includes eight master-leased renewal properties plus one direct lease for the Florida location.
The tenant recently executed 5-year lease extensions across the entire portfolio, with all extended terms commencing November 1, 2027 and running through October 31, 2032. The eight master-leased properties include rent escalations in Year 4 of the renewal term, and the structure is described as an Absolute NNN Master Lease with “absolute zero landlord responsibilities.” The ninth property operates under a standard NNN lease, with ownership responsible only for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The asset is positioned across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, and includes a current annual base rent of $938,088 (noted as an average of $16.47/SF). The portfolio is marketed as being backed by an investment-grade corporate guarantor, with the tenant having pursued the full portfolio renewal.
The tenant recently executed 5-year lease extensions across the entire portfolio, with all extended terms commencing November 1, 2027 and running through October 31, 2032. The eight master-leased properties include rent escalations in Year 4 of the renewal term, and the structure is described as an Absolute NNN Master Lease with “absolute zero landlord responsibilities.” The ninth property operates under a standard NNN lease, with ownership responsible only for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The asset is positioned across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, and includes a current annual base rent of $938,088 (noted as an average of $16.47/SF). The portfolio is marketed as being backed by an investment-grade corporate guarantor, with the tenant having pursued the full portfolio renewal.
Key Highlights
- Nine‑property NAPA Auto Parts portfolio leased to Genuine Parts Company (NYSE: GPC) and subsidiary
- Total 56,976 SF across nine states, including eight master‑leased renewal properties plus one direct lease in Palmetto, FL
- Current annual base rent of $938,088 ($16.47/SF average)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $18.00 |
| − Vacancy | −$8.4k | −$1.40 |
| EGI | $99.6k | $16.60 |
| − OpEx | −$29.9k | −$4.98 |
| NOI | $69.7k | $11.62 |
6,000 SF · lease $18.00/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$995.8K
$871.3K – $1.16M
NOI $69,703 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,406 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Nine NAPA Auto Parts locations are leased to Genuine Parts Company with extended terms commencing November 1, 2027.
Where is this storefront property located?
The property is located at 1423 Buford Hwy NE Buford, GA.
What is the asking price?
The asking price for this property is $2,030,769.
What are key features of this property?
This property features: Nine‑property NAPA Auto Parts portfolio leased to Genuine Parts Company (NYSE: GPC) and subsidiary; Total 56,976 SF across nine states, including eight master‑leased renewal properties plus one direct lease in Palmetto, FL; Current annual base rent of $938,088 ($16.47/SF average)
