loader
Join Free
Views: 59 DOM: 85 Updated: 08.31.24 Posted: 06.15.24 Status: Active

Summary

Price $2,056,000
Built/Renov 1999
Tenant O'Reilly Auto Parts
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,012
Lease Start 10-02-1999
#Units 6,095
Price/SF $293.21
Expiration 10-01-2027
Tenant Type Automotive
NOI $143,886
R. Term 3.0
Ownership Fee Simple
Rent/SF $20.52
Increases 8.0%/3/yrs
Pop 5Mi 119,138
Lot/AC 0.70
Options 3/5yrs/9%
AHHI 5Mi $95,062

Lease Highlights

  • O'Reilly Auto Parts has been operating in this location since 1999
  • The tenant has 3+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 8% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

O’Reilly Auto Parts is strategically located at the signalized, hard corner intersection of Muldoon Road and E. 16th Avenue, with access to a combined daily traffic count of 36,900 vehicles. The property boasts excellent visibility and multiple points of entry, ranking in the 88th percentile among brand locations with 100k+ annual visits (per Placer.ai). Additionally, it benefits from...

...

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...


...

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