Property History
Property Type
Property Type
Marketing Description
Kentwood Capital Advisors is pleased to offer for sale to qualified investors this new 15 Year NN leased investment schedule to open December 2019. In addition, the O’Reilly Auto Parts store has 6% rent increases beginning in year 11 and every options period thereafter. The property is leased to O’Reilly Auto Enterprises, LLC, a wholly owned subsidiary of O’Reilly Automotive, Inc. (NYSE: ORLY), which has a current credit rating of BBB+ by Standard and Poor’s and market cap of $21.5B.
This O’Reilly Auto Parts store is a built to suit and being constructed to the tenants prototype plans and expected to open for business in December of 2019. The property is situated on the main commercial corridor in downtown Comanche, with approximately 11,514 vehicles per day passing it on East Central Avenue. The property has excellent access and visibility and has many other national tenants surrounding it. The demographics are exceptional for this tenants business model and this lease provides for minimal Landlord responsibilities making it a great long term passive net leased asset to own.
This O’Reilly Auto Parts store is a built to suit and being constructed to the tenants prototype plans and expected to open for business in December of 2019. The property is situated on the main commercial corridor in downtown Comanche, with approximately 11,514 vehicles per day passing it on East Central Avenue. The property has excellent access and visibility and has many other national tenants surrounding it. The demographics are exceptional for this tenants business model and this lease provides for minimal Landlord responsibilities making it a great long term passive net leased asset to own.
Investment Highlights
- Brand New Fifteen (15) Year lease with Fifteen (15) Years remaining on the base lease term.
- Four (4), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.
- The subject property is centrally located on one of the city’s main corridors.
- The site has excellent visibility & traffic counts of 11,514 VPD on E Central Ave.
- The property is 100% leased to O’Reilly Automotive Stores, Inc.
- As of December 31, 2018, O’Reilly Automotive, Inc. had revenues of $9.54 Billion, and operated 5,219 Stores in 47 States
- O’Reilly currently maintains an investment grade S&P rating of BBB and a Baa1 from Moody’s
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Ed Breslin PRO
•••.•••.3790
••••slin@•••••••••••••••.com
Listing removed on
BY:
Paul Trupia
•••.•••.5218
paul@•••••••••••••••.com
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