Listed by Essential Capital Advisors
$1,226,666
O'Reilly Auto Parts
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 9,200
Cap Rate 6.75%
NOI $82,800
Occupancy 100%
Tenancy Single
Brand/Tenant O'Reilly Auto Parts
Lease Type NN+
Lease Expiration 12/31/2033
Remaining Term 7.6
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $133
Year Renovated 2023
Acreage 0.830
Zoning N-C3
Parking Spaces 35 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit Credit Rated
Occupancy Date 01/01/2024
Ownership Fee Simple
National Credit Tenant | New Store | Low Price Point & In-Place Rent
Investment highlights
8+ Years Remaining on Original 10-Year NN Lease Term | 8% Increases every 5 Years | Priced Below Replacement Costs | Attractive Low Rent - $9.00 PSF
High Visibility Location with Three Points of Access | Positioned at Signalized Intersection of Bailey Ave and Westminster Ave - 33,000+ VPD
Strong National Tenant | Corporate Guarantee | S&P Credit Rating "BBB" | Fee Simple Interest with Minimal Landlord Responsibilities
New Building Retrofit, Roof and Parking Lot Completed in 2023 | $1B In Transportation & Maintenance Spending within 5 Miles of Subject Property
6,483 Locations Throughout the US | 2nd Largest Automotive Supplier in North America
Listing Contacts
Listed by Essential Capital Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,800.00
$6,900.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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