Listed by Pickett Sprouse Commercial Real Estate
$1,600,000
O'Reilly Auto Parts - 322 South Madison Boulevard
Details
APN RC 145 055 001
Property Type Retail
Sub Type Commercial, Auto Parts
Square Footage 6,976
Cap Rate 6.20%
Tenancy Single
Lease Type NN
Lease Term 20
Lease Expiration 04/29/2029
Pro-Forma Cap Rate 6.20%
Year Built 2007
Acreage 0.720
Zoning B-1 (Highway Business District)
Tenant Credit Credit Rated
Lease Commencement 04/30/2009
Retail | 6.20% CAP | 6,976 SqFt
Marketing description
This 6,976-square-foot property is leased to O'Reilly Auto Parts, one of North America's leading automotive parts retailers, providing investors with the opportunity to acquire a well-established retail asset occupied by a nationally recognized tenant.
Positioned along one of Roxboro's primary commercial corridors, the property offers strong visibility, convenient access, and traffic counts exceeding 21,000 vehicles per day. As the county seat and retail center of Person County, Roxboro serves a broad regional customer base and benefits from its location between the Research Triangle and Southern Virginia
Investment highlights
- Nationally recognized O'Reilly Auto Parts tenant with more than 6,400 locations across North America
- Located on S Madison Boulevard, a primary retail corridor with approximately 21,700 vehicles per day
- 6,976 SF freestanding retail building on 0.72 acres
- Positioned in Roxboro, the commercial center of Person County and a regional retail destination
- Strategic location between the Research Triangle and Southern Virginia along the US 501 corridor
- O'Reilly was the only major auto parts retailer in the market to achieve positive visitation growth over the past one-, two-, and three-year periods
- Approximately 63,200 visits and 20,000 unique visitors during the past 12 months
- Built in 2007 and zoned B-1 Highway Business District
- High Visibility Location
- Established Retail Corridor
Listing Contacts
Listed by Pickett Sprouse Commercial Real Estate
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Zoning
B-1 CommercialSpecial CommercialHighway Business District
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