NAPA Auto Parts Absolute NNN
New
For Sale
$1,461,867
1531 Robert St S, Saint Paul, MN 55107
Nine-property NAPA Auto Parts portfolio anchored by Genuine Parts Company, with Absolute NNN structure and lease terms through 2032.
Property Size7,056 SF
Price / SF$207.18
Days on Market2
Property Features for 1531 Robert St S
General Information
Standard status
Active
Size
7,056 SF
Property subtype
Auto Parts
Additional Details
Cap Rate
6.75%
Amenities
NEW 5-YEAR LEASE EXTENSIONS
INVESTMENT-GRADE TENANT CREDIT
PASSIVE ABSOLUTE NNN MASTER LEASE
Building Details
Building Size
7,056 SF
Buildings
9
Listing Agency:
(786) 522-7056
Listed By:
Alex Zylberglait · License #License(s): FL: BK3015211
(786) 522-7056
Source:
Marcusmillichap
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:20AM
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 Alex Zylberglait
Investment Insights
Based on property information with market context.
This asset is part of a nine-property NAPA Auto Parts portfolio marketed for sale. The portfolio is leased to Genuine Parts Company (NYSE: GPC) and its subsidiary. Lease terms include five-year extensions executed across the portfolio, consisting of eight Master Lease renewals and one new direct lease for the Florida location.
All extended terms commence November 1, 2027 and run through October 31, 2032. The portfolio totals 56,976 SF and includes eight master-leased renewal properties operating under an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property operates under a standard NNN lease where ownership responsibilities are limited to the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The portfolio is spread across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, supporting geographic diversification. The current annual base rent and other dollar figures are not represented here, but the offering is described as having a 6.75% figure provided in the available materials. The Saint Paul property is listed at 7,056 SF at 1531 Robert St S, Saint Paul, MN 55107.
All extended terms commence November 1, 2027 and run through October 31, 2032. The portfolio totals 56,976 SF and includes eight master-leased renewal properties operating under an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property operates under a standard NNN lease where ownership responsibilities are limited to the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The portfolio is spread across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida, supporting geographic diversification. The current annual base rent and other dollar figures are not represented here, but the offering is described as having a 6.75% figure provided in the available materials. The Saint Paul property is listed at 7,056 SF at 1531 Robert St S, Saint Paul, MN 55107.
Key Highlights
- Nine‑property NAPA Auto Parts portfolio leased to Genuine Parts Company (NYSE: GPC) and subsidiary
- All extended terms run from November 1, 2027 through October 31, 2032
- Eight properties operate under an Absolute NNN Master Lease with absolute zero landlord responsibilities
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 | $127.0k | $18.00 |
| − Vacancy | −$20.7k | −$2.93 |
| EGI | $106.3k | $15.07 |
| − OpEx | −$31.9k | −$4.52 |
| NOI | $74.4k | $10.55 |
7,056 SF · lease $18.00/SF/yr · vacancy 16.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$930.2K – $1.24M
NOI $74,414 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,547 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
486k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 24%
Superstores 20%
Home Improvements & Furnishings 10%
Walmart
Superstores
99,008 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
47,611 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
39,963 visits/mo
0.4 miles
McDonald's
Dining
32,149 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
31,624 visits/mo
0.4 miles
Demographics for 55107, MN
15,383
Population
6,063
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
89%
High-School Grad
4.1 sq mi
ZIP Area
3,752
Density / Sq Mi
$78,125
Median Household Income
$46,197
Median Earnings
$1,335
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Nine-property NAPA Auto Parts portfolio anchored by Genuine Parts Company, with Absolute NNN structure and lease terms through 2032.
Where is this nnn property located?
The property is located at 1531 Robert St S Saint Paul, MN.
What is the asking price?
The asking price for this property is $1,461,867.
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; All extended terms run from November 1, 2027 through October 31, 2032; Eight properties operate under an Absolute NNN Master Lease with absolute zero landlord responsibilities
