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NAPA Auto Parts 803 E Main St

6,500 SF Retail Building El Centro, CA 92243 £1,275,024 (£196/SF) 7.25% Net Initial Yield

Investment Highlights

  • Flexible Usage: Suited for owner-users or investors seeking versatile opportunities.
  • Ample Storage: Fenced yard with 1,200 sq ft covered storage for added convenience
  • Convenient Access: Features two 10 ft and 12 ft grade level doors for easy loading and unloading.
  • Solid Cap Rate: Enjoy a 7.25% cap rate for strong investment returns.

Executive Summary

This property offers flexibility for both owner-users and investors. The owner is willing to lease back or vacate upon close of escrow. With a solid 7.25% cap rate and located in an Opportunity Zone, it presents favorable investment potential. Features include a 2,100 sq ft metal shelving mezzanine, multiple grade-level doors, a fenced yard with covered storage, and ample parking. Additionally, it is equipped with a cistern water system and a new septic system, enhancing its functionality.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,500 SF
Building Class
C
Year Built
1990
Price
£1,275,024
Price Per SF
£196
Net Initial Yield
7.25%
NOI
£92,439
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
1.61 AC
Opportunity Zone
Yes
Zoning
CH - CH - Heavy Commercial
Parking
14 Spaces (2.15 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • 6,500 SF
  • -
  • -

In 1925, a group of independent auto parts sellers met in Detroit to form the National Automotive Parts Association. Their mission was simple: Improve the distribution of auto parts to serve the people and businesses who increasingly relied on cars and trucks for their transportation needs. NAPA stores and warehouses, which were owned by a variety of member companies at the time, quickly became the go-to sources for parts. Carlyle Fraser, founder of Genuine Parts Company, served as a key NAPA contributor in its early years. Across the decades, Genuine Parts began to acquire the other NAPA member companies, and in 2012 became the last remaining member of NAPA, a brand with a reputation for quality parts, rapid availability, and knowledgeable people. Today, the NAPA Network offers hundreds of thousands of unique parts, distributed across many distribution centers, thousands of NAPA Auto Parts stores and even more NAPA Auto Care centers throughout the United States.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer 6,500 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
054-272-010-000
Land Assessment
£117,465
Improvements Assessment
£159,558
Total Assessment
£277,023
  • Listing ID: 21771574

  • Date on Market: 15/12/2020

  • Last Updated:

  • Address: 803 E Main St, El Centro, CA 92243

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