PALMETTO, Fla. — A Phoenix NAPA Auto Parts was sold last week as part of a package of nine of the automotive retail stores across the country.

Real estate brokerage firm Marcus & Millichap announced the sale of a nine-property NAPA Auto Parts portfolio for $15,025,104.

The portfolio includes properties in Phoenix as well as Palmetto, Florida; Buford, Georgia; Southaven, Mississippi; Columbia, South Carolina; Richmond, Virginia; Liverpool, New York; West St. Paul, Minnesota; and Universal City, Texas.

“This was a strategic acquisition allowing the buyer to control a diversified portfolio with a solid national tenant in the growing auto parts sector,” stated Alex Zylberglait, executive managing director investments in Marcus & Millichap’s Miami office in a news release. “The seller took the opportunity to monetize this portfolio after many years of ownership and a recent tenant renewal.”

The 56,976-square-foot portfolio consists of eight properties under master leases and one property in Palmetto, Florida, under a direct lease. NAPA Auto Parts is an automotive parts retailer and distributor with over 6,000 locations across the United States and Canada, serving both professional repair shops and individual consumers.

Editor's note: The above was republished from a Marcus & Millichap news release.