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NAPA Auto Parts 65 S State St 3,000 SF Retail Building Hart, MI 49420 $380,461 CAD ($126.82 CAD/SF) 7% Cap Rate
Investment Highlights
- Established Single Tenants
- about 2 years left of current 3 year term with 1 more optional 3 year term with 5% rent increase
- Building is centrally located in downtown Hart
- Auto Store has over 60 years of continual occupancy in this building
- New Roof in 2025
Executive Summary
- Centrally located in downtown with main street road frontage
- Included with the sale of this commercial building is a well established National Franchise Napa Auto Parts store.--
- Purchaser to assume a 3 year lease, within its first year term. With the option to renew a 3 year lease upon completion of current term.
- The building has been well kept and maintained, which also includes a new roof.
- Over 60 years of continual occupancy.
- Included with the sale of this commercial building is a well established National Franchise Napa Auto Parts store.--
- Purchaser to assume a 3 year lease, within its first year term. With the option to renew a 3 year lease upon completion of current term.
- The building has been well kept and maintained, which also includes a new roof.
- Over 60 years of continual occupancy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1962
Price
$380,461 CAD
Price Per SF
$126.82 CAD
Cap Rate
7%
NOI
$26,632 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
Commercial - General Business
Frontage
100’ on S. State St
Amenities
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Car Charging Station
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $198,549 CAD | |
| Land Assessment | $36,410 CAD | Total Assessment | $234,959 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$36,410 CAD
Improvements Assessment
$198,549 CAD
Total Assessment
$234,959 CAD
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NAPA Auto Parts | 65 S State St
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