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Property Details

  • Price $1,226,666
  • Cap Rate 6.75%
  • Tenancy Single
  • Property Type Retail
  • Property Subtype Automotive
  • Year Built 2023
  • Square Footage Square Feet

Investment Highlights

  • 8+ Years Remaining on Original 10-Year NN Lease Term | 8% Increases every 5 Years
  • Priced Below Replacement Costs | Attractive Low Rent – $9.00 PSF
  • New Building Retrofit, Roof and Parking Lot Completed in 2023
  • Fee Simple Interest with Minimal Landlord Responsibilities
  • Strong National Tenant | Corporate Guarantee | S&P Credit Rating “BBB”
  • 6,483 Locations Throughout the US | 2 Largest Automotive Supplier in North America
  • O’Reilly Auto Parts utilizes a Dual-Market Approach, serving both DIY (do-it-yourself) and Professional Customers
  • Efficient Supply Chain and Extensive Distribution Network allowing for Quick Delivery and Competitive Advantage
  • High Visibility Location with Three Points of Access | Positioned at Signalized Intersection of Bailey Ave and Westminster Ave – 33,000+ VPD
  • Excellent Demographics: 418,950 People Within 5 Miles of The Subject Property | Median Net Worth Within 5 Miles Exceeds $79,000
  • $1 Billion In Transportation and Maintenance Spending within 5 Miles of Subject Property

Team

In Association with Scott Reid & ParaSell, Inc. | A Licensed New York Real Estate Broker #10991231395