NAPA Auto Parts 1921 North Conway Avenue
Mission, TX 78572
For Sale
5,000 sqft
Sale Price
$825,000
Brochure
Map
Retail For Sale - Available Immediately
$825,000 | 6.73% CAP RAT E | 5,000 SF | NNN LEASE
Get in touch
Ernest Garza
Corporate Lease with National Credit
The property is leased to NAPA Auto Parts, operating under a corporate lease with
Genuine Parts Company (NYSE: GPC), one of the largest global distributors of
automotive replacement parts and industrial products, providing investors with
the security of a nationally recognized credit tenant.
Attractive Basis Below Replacement Cost
Offered at $825,000, the property equates to only $165.00 per square foot, which
is below typical replacement cost for comparable retail and automotive service
properties in today's construction environment.
Stable 2027 Income
The asset generates a projected 2027 Net Operating Income of $55,500,
providing stable income from an established automotive parts retailer serving the
Mission trade area.
Functional Freestanding Building
The property consists of a 5,000-square-foot freestanding building situated on a
highly visible commercial corridor, offering functional automotive retail space and
long-term usability.
Near-Term Lease Optionality
The existing lease provides contractual income through November 30, 2027,
allowing investors to benefit from near-term cash flow while evaluating future
renewal or repositioning opportunities.
The property is leased to NAPA Auto Parts, operating under a corporate lease with
Genuine Parts Company (NYSE: GPC), one of the largest global distributors of
automotive replacement parts and industrial products, providing investors with
the security of a nationally recognized credit tenant.
Attractive Basis Below Replacement Cost
Offered at $825,000, the property equates to only $165.00 per square foot, which
is below typical replacement cost for comparable retail and automotive service
properties in today's construction environment.
Stable 2027 Income
The asset generates a projected 2027 Net Operating Income of $55,500,
providing stable income from an established automotive parts retailer serving the
Mission trade area.
Functional Freestanding Building
The property consists of a 5,000-square-foot freestanding building situated on a
highly visible commercial corridor, offering functional automotive retail space and
long-term usability.
Near-Term Lease Optionality
The existing lease provides contractual income through November 30, 2027,
allowing investors to benefit from near-term cash flow while evaluating future
renewal or repositioning opportunities.
CBRE is pleased to present the opportunity to acquire a NAPA
Auto Parts located at 1921 N. Conway Avenue in Mission, Texas.
The offering consists of a 5,000-square-foot freestanding retail
building leased to NAPA Auto Parts under a corporate-backed
lease with Genuine Parts Company (NYSE: GPC), a leading global
distributor of automotive replacement parts and industrial
products. Priced at $825,000, or $165.00 per square foot, the
property offers an attractive basis below typical replacement cost
while providing stable income from a nationally recognized credit
tenant along North Conway Avenue, one of Mission’s primary
commercial corridors within the McAllen-Mission-Edinburg
metropolitan area.
Auto Parts located at 1921 N. Conway Avenue in Mission, Texas.
The offering consists of a 5,000-square-foot freestanding retail
building leased to NAPA Auto Parts under a corporate-backed
lease with Genuine Parts Company (NYSE: GPC), a leading global
distributor of automotive replacement parts and industrial
products. Priced at $825,000, or $165.00 per square foot, the
property offers an attractive basis below typical replacement cost
while providing stable income from a nationally recognized credit
tenant along North Conway Avenue, one of Mission’s primary
commercial corridors within the McAllen-Mission-Edinburg
metropolitan area.
Total Space Available
5,000 sqft
Sale Price
$825,000
Get in touch
Ernest Garza