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NAPA Auto Parts | Altoona, PA 213 Union Ave 16,983 SF 100% Leased Retail Building Altoona, PA 16602 $2,472,347 CAD ($145.58 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporately guaranteed NAPA Auto Parts backed by investment-grade Genuine Parts Company (NYSE: GPC).
Prime location off I-99 in Altoona’s dominant retail corridor surrounded by major national retailers.
Strong visibility and traffic counts with 75,000+ residents nearby and solid local incomes.

Over 25 years of operating history with multiple lease extensions and a 2018 expansion.
Passive NN lease through June 2031 with minimal landlord responsibilities and one renewal option.
Close to major economic drivers including Penn State Altoona, VA Medical Center, and within 40 miles of Penn State’s main campus.

EXECUTIVE SUMMARY

CBRE is pleased to exclusively present for sale this 9,100-square-foot NAPA Auto Parts property located on 1.06 acres along E. Plank Road in Altoona, Pennsylvania. The offering represents an attractive investment opportunity backed by a corporately guaranteed lease from Genuine Parts Company (NYSE: GPC), an investment-grade tenant (S&P: BBB) and one of the world’s largest distributors of automotive replacement parts. The NN lease structure limits landlord responsibilities to roof and structure only, providing investors with a passive ownership profile and reliable income stream.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

16,983 SF

Building Class

Year Built

2000

Price

$2,472,347 CAD

Price Per SF

$145.58 CAD

Cap Rate

6.75%

NOI

$166,910 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.37

Lot Size

1.06 AC

Parking

12 Spaces (0.71 Spaces per 1,000 SF Leased)

Frontage

119’ on Union Ave

Pylon Sign

MAJOR TENANTS

Retailer
-
-
Double Net
Jun 2031

NAPA Auto Parts, founded in 1925, is a leading distributor of automotive replacement parts and accessories in North America. Headquartered in Atlanta, Georgia, the company operates under the Genuine Parts Company umbrella and serves both professional repair shops and individual consumers. NAPA’s extensive product line includes brakes, batteries, filters, belts, and other essential automotive components. With thousands of retail locations and distribution centers across the United States, including Pennsylvania, NAPA ensures rapid availability of parts and technical expertise for customers. The company is recognized for its strong supply chain and commitment to quality, supporting a wide range of vehicles from passenger cars to heavy-duty trucks. NAPA Auto Parts remains a key player in the automotive aftermarket industry and continues to expand its services to meet evolving customer needs.