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Views: 96 DOM: 153 Updated: 10.15.24 Posted: 06.15.24 Status: Active 07.19.24

Summary

Price $1,483,000
Built/Renov 2016
Tenant O'Reilly Auto Parts
Cap Rate 6.15%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 7,225
Lease Start 05-26-2016
#Units 6,095
Price/SF $205.26
Expiration 04-30-2036
Tenant Type Automotive
NOI $91,200
R. Term 11.5
Ownership Fee Simple
Rent/SF $12.62
Increases 6.0%/2/yrs
Pop 5Mi 28,922
Lot/AC 1.16
Options 4/5yrs/6%
AHHI 5Mi $104,431

Lease Highlights

  • O'Reilly Auto Parts has 11+ years remaining on the current lease term with 4 (%-year) options to extend
  • The lease features 6% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

O’Reilly Auto Parts is strategically located on US-51, the primary retail thoroughfare, with access to 19,500 vehicles passing by daily. The property is surrounded by well-known national tenants including Kroger, Walgreens, Take 5 Car Wash, McDonald’s, Taco Bell, and more. Additionally, it is less than 1 mile from the Woodlands at Capital Way apartment community (180 units) and Munford High...

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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...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kimbrough Drive Hwy 51 2022 4,091 0.08 mi
Munford-Atoka Avenue Tabb Dr 2022 9,708 0.17 mi
Corbitt Dr 2022 8,477 0.26 mi
Corbitt Drive Andrea Dr 2022 302 0.39 mi
Hwy 51 Corbitt Dr 2014 19,527 0.58 mi
Munford Ave Corbitt Dr 2008 8,430 0.59 mi
McLaughlin Drive Hwy 51 S 2022 3,945 0.62 mi
Atoka Munford Ave Carol Cir 2008 8,189 0.73 mi
MEADE LAKE RD. Atrium Dr 2021 2,936 0.75 mi
Meade Lake Road Shea Cv 2022 2,682 0.75 mi

Listing Broker

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