Listed by Northmarq - Seattle, Northmarq
$1,372,000
O'Reilly Auto Parts - Ephrata
Details
APN 140632000
Property Type Retail
Square Footage 5,500
Net Rentable (SqFt) 5,500
Units 1
Cap Rate 6.15%
NOI $84,372
Occupancy 100%
Brand/Tenant O'Reilly Auto Parts
Lease Type NN+
Lease Expiration 03/04/2029
Remaining Term 2.6
Lease Options 2, 5-Year
Price per SqFt $249
Year Built 1953
Acreage 0.520
Zoning Commercial
Parking Spaces 18 spaces
Parking per 1,000 SqFt 3.27
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/30/1997
Ground Lease No
CORPORATE NNN* O’REILLY AUTO PARTS WITH 30+ YEARS OF HISTORICAL OCCUPANCY
Investment highlights
• Corporate NNN* lease structure with tenant responsible for taxes, insurance, HVAC, parking lot, landscaping, and utilities
• O’Reilly Auto Parts is a Fortune 500 company and the largest specialty retailer of automotive parts in the United States
• Tenant has occupied this location since 1997 (nearly 30-year operating history at the site)
• Two remaining 5-year options with contractual rent increases
• Direct frontage on SR-28, Ephrata’s primary retail corridor
• 0.52 AC site across 2 parcels with dedicated 18-stall parking lot
Listing Contacts
Listed by Northmarq - Seattle, Northmarq
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$84,372.00
$7,031.00/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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