NAPA Auto Parts NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.5%
This Year Cap
6.8%
Cap Change
0.3%
Last Year Rating
BBB
This Year Rating
BBB
Rating Change
No change
NAPA Auto Parts – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
NAPA Auto Parts
NAPA Auto Parts Net Lease: Secure, Essential Investment
NAPA Auto Parts – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
NAPA Auto Parts Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
NAPA Auto Parts Investor Snapshot (Quick Facts)
Origins & Growth (Past)
Why investors buy NAPA Auto Parts NNN Properties or NAPA Auto Parts ground Lease Properties?
Pros (what buyers like)
- Resilient Industry Demand
Automotive repair and maintenance remain essential regardless of economic cycles. - Strong Brand Recognition
NAPA is one of the most established and trusted automotive aftermarket brands in North America. - Growing Vehicle Age Trends
An aging vehicle fleet supports long-term demand for replacement parts and repairs. - Attractive Lease Structures
Many locations feature long-term NNN leases that appeal to passive and 1031 exchange investors. - Commercial Customer Base
Strong relationships with repair shops and fleet operators create recurring business demand. - Strategic Retail Locations
Many stores occupy highly visible retail corridors with strong accessibility and traffic counts.
Cons (what can bite you)
- Tenant Credit Variability
Many locations are operated by independent owners or distributors rather than corporate-backed entities. - Lease Structure Differences
Some properties may be NN or modified NNN, creating additional landlord responsibilities. - Limited Rent Growth
Many leases contain fixed or modest rent escalations that may lag inflation. - Location-Specific Performance
Store success can depend heavily on local demographics, competition, and commercial customer relationships. - Re-Tenanting Considerations
Automotive parts store layouts may require modifications for alternative retail users. - E-Commerce Competition
While professional repair demand remains strong, online parts retailers continue to increase competition in the aftermarket sector.
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a NAPA Auto Parts Net Lease
• 10–15+ years term remaining (or shorter term with strong renewal options) • Corporate-backed or financially strong operator lease • Absolute NNN or clean NNN lease structure • High-visibility retail corridor with strong traffic counts • Established store serving both retail and commercial customers • Rent aligned with market, supporting future resale value • Strong demographics and growing vehicle population • Proven operating history with consistent sales performance
02
⚠ Yellow Flags (Price Accordingly)
• NN lease (not true NNN) with landlord responsible for roof, structure, or major capital items • Flat rent with limited or no rent escalations • Independent operator lease without strong corporate credit support • Oversized or outdated store format that may be harder to re-tenant • Non-prime location with weak visibility, access, or traffic counts • Declining local demographics or shrinking commercial customer base • Short remaining lease term without attractive renewal options • Store performance risk from increased competition or changing market conditions
Find out more
NAPA Auto Parts Background & History
NAPA Auto Parts is one of the largest automotive aftermarket parts distributors and retailers in North America. Founded in 1925, the company built its reputation by supplying replacement parts, tools, equipment, and maintenance products to both professional repair facilities and retail customers.
Over the decades, NAPA expanded through a vast network of independently owned stores, distribution centers, and commercial sales operations. Backed by Genuine Parts Company, NAPA has developed one of the most extensive automotive parts supply chains in the industry, helping customers access critical components quickly and efficiently.
Today, NAPA serves a broad customer base that includes professional repair shops, fleet operators, commercial businesses, and individual vehicle owners. As vehicles remain on the road longer and repair needs continue to grow, the company benefits from recurring demand tied to essential vehicle maintenance and replacement parts.
Why NAPA Auto Parts Matters to NNN Investors
NAPA Auto Parts operates within the resilient automotive aftermarket sector, which is supported by ongoing vehicle repair and maintenance needs regardless of economic conditions. Unlike many discretionary retailers, demand for replacement parts is often driven by necessity rather than consumer preference.
Many NAPA locations serve both retail and commercial customers, creating diversified revenue streams and recurring traffic patterns. Stores are typically positioned along major retail corridors, automotive service clusters, and high-visibility commercial locations that provide convenient access for customers and delivery vehicles.
In addition, the aging vehicle fleet across the United States continues to support long-term demand for automotive parts and repair services. The company’s extensive distribution network, inventory management systems, and commercial relationships help strengthen its competitive position within the aftermarket industry.
This focus on essential transportation-related services helps explain why NAPA Auto Parts remains a popular net lease investment option. Management continues to invest in supply chain improvements, inventory optimization, technology initiatives, and commercial customer growth.
What Buyers and Sellers Should Evaluate
For investors evaluating NAPA Auto Parts NNN properties or NAPA Auto Parts ground lease investments, the investment thesis is often centered on tenant credit quality, lease structure, and the long-term viability of the automotive aftermarket sector.
Common searches include NAPA Auto Parts real estate, NAPA Auto Parts cap rate, NAPA Auto Parts lease term, NAPA Auto Parts tenant credit, and automotive parts store investment properties. Ultimately, property value is driven by site-specific fundamentals, lease economics, operator strength, and local market conditions.
Because many locations are operated by independent owners or distributors, investors should carefully evaluate the lease guarantor, financial strength of the tenant, and any corporate support associated with the lease. Buyers should also review rent escalations, renewal options, landlord responsibilities, and remaining lease term.
In addition, investors should consider traffic counts, visibility, access, surrounding demographics, nearby automotive service businesses, and the property’s long-term re-tenanting potential. The strongest NAPA Auto Parts investments are typically located in established trade areas with consistent vehicle repair demand, strong commercial customer activity, and lease structures that support durable long-term cash flow.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing NAPA Auto Parts ground lease properties or fee simple NAPA Auto Parts assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.