This paper aims to improve our understanding of the performance of the Non-Primary Channel Access (NPCA) mechanism, a new feature introduced in IEEE 802.11bn to enhance spectrum utilization in Wi-Fi networks. NPCA enables devices to contend for and transmit on the secondary channel when the primary channel is occupied by transmissions from an Overlapping Basic Service Set (OBSS). We develop a Continuous-Time Markov Chain (CTMC) model that captures the interactions among OBSSs in dense Wireless Local Area Network (WLAN) environments when NPCA is enabled, incorporating new NPCA-specific states and transitions. In addition to the analytical insights offered by the model, we conduct numerical evaluations and simulations to quantify NPCA's impact on throughput and channel access delay across various scenarios. Our results show that NPCA can significantly improve throughput and reduce access delays in favorable conditions for BSSs that support the mechanism. Moreover, NPCA helps mitigate the OBSS performance anomaly, where low-rate OBSS transmissions degrade network performance for all nearby devices. However, we also observe trade-offs: NPCA may increase contention on secondary channels, potentially reducing transmission opportunities for BSSs operating there. Overall, the proposed modeling approach offers a foundation for analyzing, optimizing, and guiding the development of NPCA in next-generation Wi-Fi networks.