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NAPA Auto Parts | Altoona, PA 213 Union Ave 16,983 SF 100% Leased Retail Building Altoona, PA 16602 $2,219,191 CAD ($130.67 CAD/SF) 7.50% 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

$2,219,191 CAD

Price Per SF

$130.67 CAD

Cap Rate

7.50%

NOI

$166,439 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

120’ on Union Ave

Pylon Sign

Major Tenants

Retailer
-
-
Double Net
Jun 2031

NAPA Auto Parts began as the National Automotive Parts Association in 1925, formed to meet growing demand for an organized auto parts distribution system. The company now focuses on automotive replacement parts, accessories, and service items, with offerings that include online parts shopping, store-based retail, and support for repair shops through NAPA AutoCare and professional services. NAPA Auto Parts also operates a broad retail and service network across North America, serving do-it-yourself customers and professional installers through company-owned and independently owned locations. The brand remains part of Genuine Parts Company and continues to center on maintenance, repair, and aftermarket supply for cars, trucks, and SUVs.