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| Price $1,699,366 | Built/Renov 2018 | Tenant O'Reilly Auto Parts |
| Cap Rate 6.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
7,780
| Lease Start
10-01-2018
| #Units
6,095
|
| Price/SF $218.43 | Expiration
11-21-2038
| Tenant Type Automotive |
| NOI $101,962 | R. Term 13.11 | Ownership Fee Simple |
| Rent/SF
$13.11
| Increases 6.0%/11/yrs | Pop 5Mi 40,721 |
| Lot/AC 0.98 | Options 4/5yrs/6% | AHHI 5Mi $82,628 |
| | |
The 7,780 SF O’Reilly Auto Parts property is strategically positioned along Lake Michigan Drive, a primary east-west thoroughfare, with clear visibility and access to 28,000 vehicles passing by daily. Retailers in the area include True Value, Gerber Collision & Glass, McDonald’s, Taco Bell, Goodwill, PNC Bank, and more. Other tenants include Spectrum Health Medical Group, Leprino Foods...
...Build to suit
Major thoroughfare
Dense retail corridor
University college close
Top 100 MSA
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts in the U.S. Their stores provide automotive aftermarket parts, tools, supplies, equipment, and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 9,902 | 29,610 | 46,677 |
| 2022 Total Population : | 9,736 | 28,916 | 45,133 |
| 2022 Employed Civilian Pop : | 5,004 | 14,107 | 22,509 |
| 2022 Total Businesses : | 138 | 366 | 561 |
| 2022 Average Household Income : | $ 52,276 | $ 69,105 | $ 86,202 |
| 2022 Total Consumer Spending : | $ 159 M | $ 526 M | $ 1036 M |
| 2022 Median Age : | 23 | 23 | 24 |
| 2022 Total Households : | 3,461 | 8,733 | 13,952 |
| 2022 Pop Age 25+: Bachelor's Degree : | 743 | 2,580 | 5,704 |
| 2022 Average Home Value : | $ 220,868 | $ 276,154 | $ 300,802 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Lake Michigan Dr | Boyne Blvd | 2015 | 26,400 | 0.21 mi |
| 56th Ave | Lake Michigan Dr | 2011 | 631 | 0.49 mi |
| 56th Ave | Lake Michigan Dr | 2011 | 2,836 | 0.49 mi |
| M-45 | Lake Michigan Dr | 2020 | 25,019 | 0.50 mi |
| 48th Ave | Becker Dr | 2010 | 3,202 | 0.54 mi |
| 48th Ave | Lake Michigan Dr | 2010 | 11,113 | 0.54 mi |
| 48TH AVE | Lake Michigan Dr | 2020 | 10,237 | 0.55 mi |
| 60th Ave | Country View Dr | 2010 | 1,181 | 0.99 mi |
| 60th Ave | Lake Michigan Dr | 2010 | 2,973 | 0.99 mi |
| Lake Michigan Dr | Washington Ave | 2015 | 26,400 | 1.17 mi |
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Cap Rate 5.65%
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R. Term 14.50 yrs
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R. Term 14.40 yrs
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Cap Rate 5.99%
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R. Term 12.10 yrs
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Cap Rate 5.00%
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R. Term 13.90 yrs
Size/SF 2,087
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Cap Rate 6.00%
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R. Term 9.10 yrs
Size/SF 6,800
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Cap Rate 7.00%
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R. Term 1.60 yrs
Size/SF 5,920
Marshfield, WI
Cap Rate 5.75%
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R. Term 14.50 yrs
Size/SF 1,664
Georgetown, OH
Cap Rate 6.00%
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R. Term 12.00 yrs
Size/SF 7,225
Chaska, MN
Cap Rate 6.75%
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R. Term 6.10 yrs
Size/SF 4,809
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Cap Rate 6.65%
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R. Term 14.80 yrs
Size/SF 1,415
Dunlap, TN
Cap Rate 6.10%
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R. Term 8.11 yrs
Size/SF 8,075
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
