Auto Parts
O'Reilly Auto Parts | New 15-Year Lease
County Line Rd & Spring Time St., Spring Hill, FL 34608
Listing Price: $2,685,000
Cap Rate
4.75%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
7,575
Lease Type
Double Net
Rent Per Square Feet
$16.84
Investment Overview
Marcus & Millichap is pleased to present the O'Reilly Auto Parts in Spring Hill, Florida.
O'Reilly Auto Parts | New 15-Year Lease
Investment Highlights
- 15-Year Corporate Lease, 6% Increases Every 5 Years Beginning in Year 11
- Investment Grade Credit Tenant (NASDAQ: ORLY), Rated 'BBB' by S&P and Ranked on Fortune 500
- O'Reilly has Reported 29 Consecutive Years of Comparable Store Sales Growth, Record Revenue and Operating Income
- Brand New Construction on Oversized 2.2-Acre Parcel, Minimal Landlord Responsibilities
- Located within the Tampa-St. Petersburg-Clearwater MSA with a Population of Over 3 Million
- Over 106,000 Residents in Primary Trade Area, Surrounded by Major Residential Developments
- Down the Street from High-Volume Publix Grocery Anchored Center
Auto Parts
O'Reilly Auto Parts | New 15-Year Lease
Listing Price: $2,685,000
Cap Rate
4.75%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
7,575
Lease Type
Double Net
Rent Per Square Feet
$16.84
Investment Highlights
- 15-Year Corporate Lease, 6% Increases Every 5 Years Beginning in Year 11
- Investment Grade Credit Tenant (NASDAQ: ORLY), Rated 'BBB' by S&P and Ranked on Fortune 500
- O'Reilly has Reported 29 Consecutive Years of Comparable Store Sales Growth, Record Revenue and Operating Income
- Brand New Construction on Oversized 2.2-Acre Parcel, Minimal Landlord Responsibilities
- Located within the Tampa-St. Petersburg-Clearwater MSA with a Population of Over 3 Million
- Over 106,000 Residents in Primary Trade Area, Surrounded by Major Residential Developments
- Down the Street from High-Volume Publix Grocery Anchored Center
Investment Overview
Marcus & Millichap is pleased to present the O'Reilly Auto Parts in Spring Hill, Florida.
