July 25, 2019 – Peter Butler and Brian Ahrens of Horvath & Tremblay have successfully completed the sale of NAPA Auto Parts in Thomasville, North Carolina. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,200,000.
NAPA fully occupies a free standing 9,180-square foot building on a 0.9-acre parcel. The Property is located on a highly visible outparcel at the entrance to Thomasville Crossing, an IGA Hometown Supermarket anchored shopping center. The corporate lease has 5.5 years of term remaining plus four (4), 5-year renewal options, which include a 7.5% rent increase in each option period.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.