loader
Join Free
Views: 100 DOM: 239 Updated: 09.18.24 Posted: 03.27.24 Status: Active

Summary

Price $1,860,000
Built/Renov 2023
Tenant O'Reilly Auto Parts
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,385
Lease Start 12-01-2023
#Units 6,095
Price/SF $251.86
Expiration 11-30-2038
Tenant Type Automotive
NOI $111,583
R. Term 14.0
Ownership Fee Simple
Rent/SF $15.11
Increases 6.0%/10/yrs
Pop 5Mi 14,171
Lot/AC 0.64
Options 4/5yrs/6%
AHHI 5Mi $91,932

Lease Highlights

  • New 2023 construction
  • O'Reilly Auto Parts has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 6% rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • Corporate guarantee | Investment grade tenant

Location Description

O'Reilly Auto Parts is strategically located at the signalized, hard corner intersection of Eastern Avenue and Pleasant View Road, a major retail thoroughfare with access to a combined daily traffic count of 14,300 vehicles. The property shares proximity with well-known national tenants including Walmart Supercenter, Walgreens, and McDonald’s. Furthermore, within a mile radius of the site,...

...

Maps

  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,680 10,382 13,928
2023 Total Population : 3,752 10,595 14,167
2023 Employed Civilian Pop : 1,725 5,245 7,105
2023 Total Businesses : 237 523 661
2023 Average Household Income : $ 80,470 $ 86,405 $ 91,902
2023 Total Consumer Spending : $ 120 M $ 352 M $ 488 M
2023 Median Age : 47 45 46
2023 Total Households : 1,722 4,734 6,160
2023 Pop Age 25+: Bachelor's Degree : 512 1,450 1,991
2023 Average Home Value : $ 289,620 $ 292,436 $ 301,968
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Eastern Avenue Plz Ln 2021 10,000 0.03 mi
Pleasant View Road Eastern Ave 2021 2,800 0.21 mi
Pleasant View Road Songbird Ct 2021 3,500 0.23 mi
S Highland Ave Adrian Ct 2014 3,300 0.31 mi
South Highland Avenue P R 2021 3,600 0.32 mi
Eastern Ave N Highland Ave 2017 9,400 0.35 mi
N Highland Ave Kensington Ave 2017 3,000 0.37 mi
Eastern Ave Carr Rd 2017 10,800 0.38 mi
Valley Road S Highland Ave 2021 860 0.50 mi
Columbia Dr 2021 1,300 0.68 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity