NAPA Auto Parts - Niles, MI_Property for Sale

323 South 11th Street, Niles, MI, 49120, US

NAPA Auto Parts - Niles, MI

Asset Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant NAPA Auto Parts located in Niles, MI (the "Property" or "Asset"). The Property is situated along South 11th Street (M-51), which benefits from exposure to 20,000+ vehicles per day ("VPD"). The Property is occupied by NAPA Auto Parts (the "Tenant"), which is subject to an ±18-year Abs. NNN lease with 1% annual rent bumps and four 5-year renewal options.

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Attributes

Building area net

505 m²

Occupancy

100%

Year built

1985

Land area gross

0.38 ha

Media

Investment Highlights

Absolute NNN Lease with ±18 Years of WALT (4, 5-year options)
Genuine Parts Company provides an investment-grade (S&P: BBB) guarantee.
The Property is situated along South 11th Street (M-51), which benefits from exposure to 20,000+ vehicles per day ("VPD")
The Asset is within close proximity to employers such as Corewell Health Lakeland Hospitals Niles Hospital and major retailers such as Walgreens, Popeyes, Starbucks, AutoZone, The UPS Store, and Hardee's