Listed by Fisher James Capital, ParaSell Inc
$3,381,000
O'Reilly Auto Parts & Chick-fil-A
Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 7,000
Cap Rate 4.75%
NOI $160,611
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, O'Reilly Auto Parts
Lease Type NNN
Lease Expiration 11/29/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options two (2) five-year options remaining
Price per SqFt $483
Broker Co-Op Yes
Year Built 1999
Year Renovated 2010
Buildings 1
Stories 1
Acreage 0.790
Parking Spaces 53 spaces
Parking Per SqFt 7.57
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Long Term Corporate NNN Lease to O'Reilly with Additional Income from Chick-fil-A in Phoenix MSA
Marketing description
O'Reilly Auto Parts property with additional income from an easement agreement with the adjacent Chick-fil-A parcel, located in Glendale within the Phoenix MSA. The property features a long-term corporate NNN lease to O’Reilly at a well-established location operating since 2010 that has exercised multiple renewal options, complemented by additional income from a Chick-fil-A drive-thru easement.
In Association with Scott Reid & ParaSell, Inc. | A Licensed Arizona Broker #CO709902000
Inquiries by residents and properties owners of the State are to be made to Scott Reid.
Investment highlights
- Long-Term Corporate NNN Lease to O’Reilly (NASDAQ: ORLY): Approximately 9.5 years remaining with 10% rent increases every five years and zero landlord responsibilities
- Investment Grade Tenant: O’Reilly is rated BBB by S&P and operates 6,300+ locations nationwide
- Additional Income from Chick-fil-A Easement: Adjacent Chick-fil-A drive-thru easement represents approximately 40% of the income
- Established Operating History: O’Reilly has operated at this location since 2010 and has exercised multiple renewal options, demonstrating long-term commitment to the site
- Strategic Infill Location in Dense Phoenix Submarket: Positioned at the intersection of W Thunderbird Rd & N 59th Ave (69,261 combined ADT)
- Surrounded by National Retailers & Traffic Drivers: Including Chick-fil-A, Fry’s, Starbucks, Raising Cane’s, Chipotle, Bank of America, Dunkin’, and more
Listing Contacts
Listed by Fisher James Capital, ParaSell Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,611.00
$13,384.25/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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