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Views: 58 DOM: 85 Updated: 08.31.24 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 11.7
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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Listing Broker

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