1808 US HWY 98 Daphne AL 36526-4281

Fortis Net Lease is pleased to present the opportunity to acquire a single-tenant net lease investment occupied by O'Reilly Auto Parts, located at 1808 US-98 in Daphne, Alabama. The property consists of a ±6,800-square-foot retail building situated on a 0.56-acre parcel along a well-trafficked retail corridor. The asset is offered at an asking price of $1,511,000, representing an attractive 6.75% cap rate and generating a stable net operating income of $102,000. This investment provides investors with a strong national tenant in a growing Gulf Coast market.

The lease is structured as a triple net (NNN) lease with approximately 20 years remaining on the primary term, offering a passive, management-free investment. The lease includes three (5-year) renewal options, providing long-term income security, along with favorable rent escalations of 8.0% every five years throughout the initial term and option periods. Backed by a well-established and creditworthy tenant, this offering presents an ideal opportunity for investors seeking predictable cash flow, inflation protection, and long-term stability.

• Long-Term NNN Lease: 5 year extension executed with zero landlord responsibilities
• Credit Tenant: Leased to O'Reilly Auto Parts, a nationally recognized and established automotive retailer
• Attractive Returns: Offered at a 6.75% cap rate
• Rent Growth: Built-in 8.0% rent increases every five years throughout the base term and renewal options
• Strategic Location: Positioned along US-98 in Daphne, AL, a well-trafficked retail corridor with strong visibility
• Efficient Asset Size: ±6,800 SF building situated on a 0.56-acre parcel, ideal for long-term single-tenant occupancy