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Napa Auto Parts 2926 Louetta Rd 6,000 SF Retail Building Spring, TX 77388 $2,482,048 CAD ($413.67 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Passive Investment Structure – Offers investors a hands-off ownership opportunity with no landlord management responsibilities
- Near-Term Lease Expiration – Upcoming lease expiration creates potential upside through renewal negotiations, lease restructuring
- Dense Surrounding Population – Benefits from a sizable consumer base of 908,980 residents within a 10-mile radius
- High-Visibility Location – Positioned along a corridor with strong traffic counts of approximately 37,300 vehicles per day
- Strong Area Demographics – Supported by an average household income of $109,541 within a 10-mile radius
- Established Tenant Operating History – Tenant has operated at the location since 2008, demonstrating long-term commitment and historical performance a
Executive Summary
Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2009
Price
$2,482,048 CAD
Price Per SF
$413.67 CAD
Cap Rate
6.25%
NOI
$155,188 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.90 AC
Zoning
CB
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
- -
NAPA Auto Parts began in 1925 when independent auto parts sellers formed a cooperative to improve distribution. The company became a division of Genuine Parts Company in 2012. NAPA offers automotive replacement parts, accessories, and service items across North America. Their product lines include batteries, brakes, filters, engine components, and tools. While many stores operate independently, NAPA maintains a large distribution network. The brand continues expanding its market presence through strategic acquisitions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1313490010001 | Improvements Assessment | $1,031,814 CAD |
| Land Assessment | $322,960 CAD | Total Assessment | $1,354,773 CAD |
Property Taxes
Parcel Number
1313490010001
Land Assessment
$322,960 CAD
Improvements Assessment
$1,031,814 CAD
Total Assessment
$1,354,773 CAD
Contacts
-
Michael Cashman -
Rob Goldberg -
Connor Knauer -
Matthews Real Estate Investment Services
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Napa Auto Parts | 2926 Louetta Rd
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