Auto Parts
O'Reilly Auto Parts
564 Wolcott St, Waterbury, CT 06705
Listing Price: $2,769,080
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the O’Reilly Auto Parts located at 564 Wolcott Street in Waterbury, CT. The site consists of roughly 7,225 rentable square feet of building space on estimated 1.40-acre parcel of land. This O'Reilly Auto Parts is subject to a 20-year absolute double-net (NN) lease, which commenced on August 7, 2017, and expires on August 6, 2037. The landlord is responsible for roof, structure, foundation, slabs, exterior walls, and parking lot replacement while the tenant is responsible for general repairs and maintenance to the premises, parking lot, HVAC, and personal property. The current annual rent is$138,453.96 and is scheduled to increase by roughly 8.25% in year 11 and at the start of each of the 4, 5-year renewal options.
O'Reilly Auto Parts
Investment Highlights
- Long-Term, 20-Year Double-Net (NN) Lease 15+ Years Remaining
- Corporate Location with O'Reilly Automotive Stores, Inc as the Tenant on the Lease
- Roughly Eight and a Quarter Percent (8.25%) Rental Increases in Year 11 and at the Start of Each Tenant Renewal Option
Exclusively Listed By
Listing Price: $2,769,080
Investment Highlights
- Long-Term, 20-Year Double-Net (NN) Lease 15+ Years Remaining
- Corporate Location with O'Reilly Automotive Stores, Inc as the Tenant on the Lease
- Roughly Eight and a Quarter Percent (8.25%) Rental Increases in Year 11 and at the Start of Each Tenant Renewal Option
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the O’Reilly Auto Parts located at 564 Wolcott Street in Waterbury, CT. The site consists of roughly 7,225 rentable square feet of building space on estimated 1.40-acre parcel of land. This O'Reilly Auto Parts is subject to a 20-year absolute double-net (NN) lease, which commenced on August 7, 2017, and expires on August 6, 2037. The landlord is responsible for roof, structure, foundation, slabs, exterior walls, and parking lot replacement while the tenant is responsible for general repairs and maintenance to the premises, parking lot, HVAC, and personal property. The current annual rent is$138,453.96 and is scheduled to increase by roughly 8.25% in year 11 and at the start of each of the 4, 5-year renewal options.
Exclusively Listed By
