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Views: 161 DOM: 474 Updated: 11.25.24 Posted: 08.17.23 Status: Active 06.12.24

Summary

Price $2,496,000
Built/Renov 2023
Tenant O'Reilly Auto Parts
Cap Rate 5.60%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,225
Lease Start 12-01-2023
#Units 6,095
Price/SF $345.47
Expiration 12-01-2038
Tenant Type Automotive
NOI $139,800
R. Term 14.0
Ownership Fee Simple
Rent/SF $19.35
Increases 6.0%/5/yrs
Pop 5Mi 99,836
Lot/AC 1.35
Options 4/5yrs/6%
AHHI 5Mi $127,493

Lease Highlights

  • Brand-new construction featuring distinct design elements and state of the art materials selected specifically for O’Reilly Auto Parts
  • Brand-new 15 year lease with 4 (5-year) options to extend
  • Lease features a 6% rental increase in lease year 11 and at the beginning of each option period
  • Corporate guaranteed lease by O’Reilly Automotive, Inc. (NASDAQ: ORLY)

Location Description

O'Reilly Auto Parts is strategically fronting Wesley Chapel Blvd averaging 20,000 vehicles passing by daily. Conveniently located just 1.5 miles from Interstate 75 (73,800 VPD), providing direct on/off ramp access for commuters traveling along this major North/South thoroughfare serving the entire state of Florida. The subject property benefits from excellent visibility and multiple points of...

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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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