NAPA Auto Parts: Montgomery, AL

ABSOLUTE NNN LEASE
The subject property operates under an Absolute NNN Lease, with 6-years remaining and no Landlord management or maintenance responsibilities whatsoever.

CORPORATELY GUARANTEED LEASE
The Lease is corporately guaranteed by Genuine Parts Company and offers rent increases every 5-Years throughout the primary term and 4, 5-Year Renewal Option Periods.

FORTUNE 500 PARENT COMPANY
Genuine Parts Company (NYSE: GPC) is comprised of three business segments. The Automotive Parts Group (APG) is the largest division of the company, which distributes automotive replacement parts, accessories and service items throughout the United States, Canada, Mexico, France, the U.K., Germany, Ireland, Poland, Australia and New Zealand. As the largest global auto parts network, APG generated 53% of the Company’s Total Net Sales, totaling nearly $8.7 billion in global sales for 2017. There are 6,000 NAPA Auto Parts retail stores and 57 Distribution Centers nationwide across 45 states. Approximately 1,142 retail locations are company-owned.

WELL-ESTABLISHED LOCATION WITH STRONG DEMOGRAPHICS
The subject property has a 24-year operational history at this location, with direct street frontage on Atlanta Highway (33,101 ADT), the heavily traveled main East-West thoroughfare through the heart of the city. Located near Publix Super Market, Walgreens, Subway, Wells Fargo Bank, Pizza Hut, The UPS Store, Burger King, Central Alabama Veterans Hospital, 2 miles from the Eastdale Mall (964,717 SF) and only 4 miles from Auburn University at Montgomery (5,500 students). There are strong demographics in Montgomery with 142,165 residents having an average household income of $68,946 within a 1-mile radius.

GENUINE PARTS COMPANY AND NAPA AUTO PARTS(1)
• Genuine Parts Company is the #1 Automotive Parts Supplier in the United States and has the largest global auto parts network
• 6,000 NAPA Auto Parts retail stores, 17,000+ NAPA AutoCare Centers and 57 Distribution Centers nationwide across 45 states
• The Automotive Parts Group of Genuine Parts Company distributes more than 530,000 retail and commercial automotive replacement parts from more than 3,100 operations across 10 countries
• A record $16.31 billion in revenues was produced in 2017, representing a 6.3% increase from 2016

(1) Genuine Parts Company is the Tenant under the Lease.

AL Broker of Record: Eddie Greenhalgh
License: 00008-8298