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Napa Auto Parts - Bellmead TX 508 E Loop 340 8,840 SF Retail Building Bellmead, TX 76705 $3,441,325 CAD ($389.29 CAD/SF) 6% Cap Rate
Investment Highlights
- 8 Years Remaining | Scheduled Rental Increases | Option to Renew
- Prime Commercial Corridor Location | Dense Retail Corridor
- Local Demographics In 5-mile Trade Area
- NN+ Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Loop 340 Expansion | Adjacent to Major Regional Anchors | Excellent Visibility
Executive Summary
• Approximately 8 years remaining of primary lease term
• The lease features a 4% rent increase at the beginning of year 9
• Long-standing regional NAPA operator with long term successful performance and strong community presence
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories
• The lease features a 4% rent increase at the beginning of year 9
• Long-standing regional NAPA operator with long term successful performance and strong community presence
• Founded in 1925, Napa Auto Parts, a subsidiary of the Genuine Parts Company, is a leading provider of automotive parts and accessories
Property Facts
Sale Type
Investment
Property Type
Building Size
8,840 SF
Year Built
2019
Price
$3,441,325 CAD
Price Per SF
$389.29 CAD
Cap Rate
6%
NOI
$206,480 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.45 AC
Zoning
B2 - Secondary & Highway Business District
Parking
34 Spaces (3.85 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-057800-001600-0 | Improvements Assessment | $1,508,521 CAD |
| Land Assessment | $454,944 CAD | Total Assessment | $1,963,465 CAD |
Property Taxes
Parcel Number
28-057800-001600-0
Land Assessment
$454,944 CAD
Improvements Assessment
$1,508,521 CAD
Total Assessment
$1,963,465 CAD
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Napa Auto Parts - Bellmead TX | 508 E Loop 340
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