O'Reilly Auto Parts

621 East State Street, Georgetown, OH 45121

$1,642,116

Cap Rate 6.00%

Views: 59 DOM: 59 Updated: 10.29.24 Posted: 09.17.24 Status: Contract 10.29.24

Summary

Price $1,642,116	Built/Renov 2021	Tenant O'Reilly Auto Parts
Cap Rate 6.00%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 7,225	Lease Start 10-27-2021	#Units 6,095
Price/SF $227.28	Expiration 10-31-2036	Tenant Type Automotive
NOI $98,527	R. Term 11.11	Ownership Fee Simple
Rent/SF $13.64	Increases 6.0%/8/yrs	Pop 5Mi 5,670
Lot/AC 1.02	Options 4/5yrs/6%	AHHI 5Mi $51,668

Doug Passon

Fortis Net Lease

Contact

Lease Highlights

12 years remaining on the current lease term with 4 (5-year) options to extend
The lease features a 6% rental increase in year 11 | 6% in each option period
Minimal landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

O'Reilly Auto Parts is strategically located on East State Street surrounded by prominent national tenants, including Burger King, Verizon, CVS Pharmacy, and more. Key educational institutions nearby include Georgetown Elementary School and Georgetown Junior/Senior High School. The 5-mile trade area serves a population of 5,670 residents, with an average household income of $51,668....

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Key Features

New construction
Build to suit
Near major nationals
Top 100 MSA
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

O'Reilly Auto Parts Wikipedia O'Reilly Auto Parts Wikipedia Georgetown, Ohio Zip Code 45121 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: O'Reilly Auto Parts
Guarantor:Corp T and Rated
Company:O’Reilly Automotive, Inc.
# Units:6,095
Tenant S&P: BBB
Moody’s: Baa1
Stock: NASDAQ: ORLY

About 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...

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Listing Broker

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