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Auto Parts

O'Reilly Auto Parts

564 Wolcott St, Waterbury, CT 06705

Listing Price: $2,769,080

Cap Rate
5.00%
Tenant Name
O’Reilly Automotive Stores, Inc
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Double Net
Rent Per Square Feet
$19.16

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.

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

Auto Parts

O'Reilly Auto Parts

Listing Price: $2,769,080

Cap Rate
5.00%
Tenant Name
O’Reilly Automotive Stores, Inc
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
7,225
Lease Type
Double Net
Rent Per Square Feet
$19.16

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

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