Master-Leased NNN Auto Parts
For Sale
Contact for pricing
7234 Oswego Road, Liverpool, NY 13090
Nine NAPA Auto Parts locations are master-leased to Genuine Parts Company (NYSE: GPC) with extended terms beginning in 2027.
Property Size56,976 SF
Price / SF$277.13
Days on Market8
Property Features for 7234 Oswego Road
General Information
Standard status
Active
Size
56,976 SF
Property subtype
Retail
Additional Details
Gross Income
$938,088
Building Details
Buildings
9
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License #FL BK3015211
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 4:16AM
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 Marcus & Millichap - The Zylberglait Group
Investment Insights
Based on property information with market context.
This NNN auto parts portfolio includes nine NAPA Auto Parts locations leased to Genuine Parts Company (NYSE: GPC) and its subsidiary. The portfolio totals 56,976 SF and was recently strengthened through 5-year lease extensions across the entire portfolio. Across the eight master-leased renewal properties and the one direct lease, the extended terms begin November 1, 2027 and run through October 31, 2032.
The eight master-leased properties include rent escalations in Year 4 of the renewal term and are structured as an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property (Palmetto, FL) operates under a standard NNN lease, with ownership responsible for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The locations span nine states, providing diversification across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida. Existing tenancy and the extended lease term support a stabilized, long-duration hold strategy.
The eight master-leased properties include rent escalations in Year 4 of the renewal term and are structured as an Absolute NNN Master Lease with absolute zero landlord responsibilities. The ninth property (Palmetto, FL) operates under a standard NNN lease, with ownership responsible for the roof, exterior walls, structural supports, foundations, underground utility lines, and parking areas.
The locations span nine states, providing diversification across New York, Virginia, Texas, Minnesota, Mississippi, South Carolina, Arizona, Georgia, and Florida. Existing tenancy and the extended lease term support a stabilized, long-duration hold strategy.
Key Highlights
- Portfolio totals 56,976 SF across nine NAPA Auto Parts locations
- Leased to Genuine Parts Company (NYSE: GPC) and its subsidiary
- Five‑year lease extensions: Nov 1, 2027 through Oct 31, 2032
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 | $1.03M | $18.00 |
| − Vacancy | −$43.1k | −$0.76 |
| EGI | $982.5k | $17.24 |
| − OpEx | −$294.7k | −$5.17 |
| NOI | $687.7k | $12.07 |
56,976 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.82M
$8.60M – $11.46M
NOI $687,746 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.90M
$8.66M – $11.55M
NOI $693,120 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Dunkin' Donuts
Dining
11,081 visits/mo
0.2 miles
Kwik Fill
Shops & Services
4,720 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
1,245 visits/mo
0.1 miles
Public Storage
Shops & Services
854 visits/mo
0.5 miles
Demographics for 13090, NY
30,472
Population
12,591
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
14.6 sq mi
ZIP Area
2,087
Density / Sq Mi
$90,315
Median Household Income
$53,198
Median Earnings
$1,294
Median Rent
$196,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Nine NAPA Auto Parts locations are master-leased to Genuine Parts Company (NYSE: GPC) with extended terms beginning in 2027.
Where is this nnn property located?
The property is located at 7234 Oswego Road Liverpool, NY.
What is the asking price?
The asking price for this property is $15,789,854.
What are key features of this property?
This property features: Portfolio totals 56,976 SF across nine NAPA Auto Parts locations; Leased to Genuine Parts Company (NYSE: GPC) and its subsidiary; Five‑year lease extensions: Nov 1, 2027 through Oct 31, 2032
