213 Union Ave - Freestanding FOR SALE


Altoona, PA 16602
$1,851,000 USD
215-603-6914
213 Union Ave, Altoona, PA for Sale
$1,851,000 USD
Freestanding - FOR SALE
1/7
null | 6.5% Cap Rate

213 Union Ave
Altoona, PA 16602


HIGHLIGHTS

  • Corporately guaranteed NAPA Auto Parts backed by investment-grade Genuine Parts Company (NYSE: GPC).
  • Over 25 years of operating history with multiple lease extensions and a 2018 expansion.
  • Prime location off I-99 in Altoona’s dominant retail corridor surrounded by major national retailers.
  • Passive NN lease through June 2031 with minimal landlord responsibilities and one renewal option.
  • Strong visibility and traffic counts with 75,000+ residents nearby and solid local incomes.
  • Close to major economic drivers including Penn State Altoona, VA Medical Center, and within 40 miles of Penn State’s main campus.

OVERVIEW

CBRE is pleased to exclusively present for sale this 9,100-square-foot NAPA Auto Parts property located on 1.06 acres along E. Plank Road in Altoona, Pennsylvania. The offering represents an attractive investment opportunity backed by a corporately guaranteed lease from Genuine Parts Company (NYSE: GPC), an investment-grade tenant (S&P: BBB) and one of the world’s largest distributors of automotive replacement parts. The NN lease structure limits landlord responsibilities to roof and structure only, providing investors with a passive ownership profile and reliable income stream.

FOR SALE DETAILS

PRICE

$1,851,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NAPA Auto Parts | Altoona, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

-

APN/PARCEL ID

14-00039724

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.