Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 885 SE Monterey Rd. Stuart, FL 34994. O’Reilly Auto Parts commenced at this location in January 2022 after new renovations in 2021, with a 10-year base term, along with (4) 5-year options to extend. O’Reilly is an investment grade tenant with a BBB+ S&P Rating and is under a double net lease with minimal landlord responsibilities. The 10,000 square foot building sits on an oversized parcel of 1.35 acres and provides easy ingress/egress access with a left turn in. This location sees about 30,000 vehicles per day, as well as 10,400+ daytime employees and an average household income of $56,989 within a 1-mile radius. The subject property is located in the middle of a dense retail corridor surrounded by major retailers and national tenants. Also, Florida is an income tax free state, making this deal an excellent opportunity for an investor in a 1031 or someone who sees the value in owning real estate in Florida with value to be added in the future.