Listed by Marcus & Millichap - Milwaukee
$1,732,000
O'Reilly Auto Parts
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 6,500
Cap Rate 6.15%
NOI $106,495
Occupancy 100%
Tenancy Single
Brand/Tenant O'Reilly Auto Parts
Lease Type NN+
Lease Term 15
Lease Expiration 12/31/2034
Remaining Term 8.6
Rent Bumps Yes
Lease Options Three - Five Year Options
Price per SqFt $266
Year Built 2020
Acreage 0.750
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/01/2020
Ground Lease No
Ownership Fee Simple
8+ Yr NN | Corp Guarantee
Marketing description
Marcus & Millichap is pleased to present this O'Reilly Auto Parts in Milwaukee, WI. This was built-to-suit in 2020 and is secured by a long-term double net lease through December 2034. The lease is corporately guaranteed by O'Reilly, an investment grade tenant with over 6,500 locations and growing.
Investment highlights
- Double Net-Lease Through December 2034 with 7% Increases Every Five Years
- Tenant Responsible for Parking Lot, HVACs, Taxes, CAM and Insurance
- Built-to-Suit in 2020
- Corporate Guarantee from O’Reilly Automotive, Inc.: Over 6,500 Stores with Plans to Add 225–235 More in 2026
- Hard Corner Visibility with 35,000+ Vehicles per Day on W Fond Du Lac Ave and N 35th St
- Ranked in the Top 30 Percent of O’Reilly Auto Parts in Wisconsin, per Placer.ai (More Info on Page 10)
- Over 486,000 Residents within Five Miles
Listing Contacts
Listed by Marcus & Millichap - Milwaukee
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,495.00
$8,874.58/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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