NAPA AUTO PARTS

Rare 3% annual increases: The corporately guaranteed lease features extremely rare 3% annual increases throughout the base term and the two, 5-year option periods.
NNN lease structure: The lease calls for the tenant to be responsible for all maintenance and repairs, perfect for a buyer looking to place capital in a hands-off investment.
High barrier to entry market: Market rent in Nevada City is nearly $25/SF while this location is paying just over ±$10/SF. Nevada City also features incredibly low vacancy rates which helps position this location as a strategic long-term home for NAPA Auto Parts.
Top places to live, 2025: Country Living Magazine just recognized Nevada City as one of the top 10 best small towns in America in a January 2025 publication.
Thriving B2B business model: The Riebes business model was built on providing excellent service to their business partners. The success was built through strategic B2B sales from a variety of local businesses including fleet services, agricultural, auto mechanics, and municipalities.
Long term tenancy: This location has been an auto parts retail location for well over ±20 years – cementing the location as a crucial business in Nevada City, CA.
Ideal demographics: Nevada City is located just a few miles north of Grass Valley, CA. The 5-mile radius includes a population of ±32,311 residents accounting for an average household income of $94,237.
Fortune 200 guarantor: Genuine Parts Company ranked #175 on the Fortune 500 list in 2024. With over 6,000+ locations across the United States and hundreds more across North America, Genuine Parts Co. is one of the largest automotive distributors in the world. GPC boasts a market cap of ±$17B and a BBB credit rating by S&P Global Ratings.
Former Riebes Auto Parts: In 2021, Riebes Auto Parts was acquired by Genuine Parts Company as a strategic plan to expand North California operations. Riebes Auto Parts had 25+ locations throughout the greater Sacramento area which started in 1956 and was one of the most profitable independently owned NAPA Auto Parts businesses in the country.

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David Harrington