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O'Reilly Spanish Fork
272 E 1000 N, Spanish Fork, UT 84660
Listing Price: $2,386,800
Investment Overview
Marcus & Millichap is pleased to present for sale the O’Reilly in Spanish Fork, Utah. This 7,000+ square foot property was built in 2008 and is on 0.61 acres of land. The lease connected to this property is owned by Corporate O’Reilly, which has an S&P Credit Score of BBB, and the lease is backed by a Corporate Guarantee. Seven years remain on the lease, after which the tenant has four, five-year options with approximately 10% increases in rent at each option. This lease is a triple net (NNN) lease, with the tenant covering interior repairs and maintenance, parking lot, utilities, taxes, and general insurance. The Landlord covers roof, structure, foundations, exterior walls, and liability insurance. This property is located in the heart of Spanish Fork’s Retail Sector near Interstate 15 and US Highway 6. The five-mile population of this area is 99,619.
Exclusively Listed By
Listing Price: $2,386,800
Investment Highlights
- Approximately Seven Years Remaining on Lease Term with Four, 5-Year Options
- O'Reilly has S&P Credit Rating of BBB
- Corporate Guarantee
- 5.00% Cap Rate
- Triple Net Lease
- 5-Mile Population of 99,619
Investment Overview
Marcus & Millichap is pleased to present for sale the O’Reilly in Spanish Fork, Utah. This 7,000+ square foot property was built in 2008 and is on 0.61 acres of land. The lease connected to this property is owned by Corporate O’Reilly, which has an S&P Credit Score of BBB, and the lease is backed by a Corporate Guarantee. Seven years remain on the lease, after which the tenant has four, five-year options with approximately 10% increases in rent at each option. This lease is a triple net (NNN) lease, with the tenant covering interior repairs and maintenance, parking lot, utilities, taxes, and general insurance. The Landlord covers roof, structure, foundations, exterior walls, and liability insurance. This property is located in the heart of Spanish Fork’s Retail Sector near Interstate 15 and US Highway 6. The five-mile population of this area is 99,619.
Exclusively Listed By
