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Shopping Auto Center

O'Reilly's Auto Parts Tacoma

2901 6th Ave, Tacoma, WA 98406

Listing Price: $2,500,000

Cap Rate
5.20%
Gross SF
6,500
Rentable SF
6,500
Price/Gross SF
$384.62
Lot Size
0.29 acres
Year Built
1941

Investment Overview

The O'Reilly Auto Parts located at 2901 6th Ave in Tacoma is for sale for $2,500,000 at a current 5.2% cap and 5.6% average cap rate over the 6 plus year lease term. The building is 6,500 sf situated on 0.29 acres on 6th Avenue and South Pine Street. The offering includes a favorable corporate guaranteed NNN lease with minimal landlord responsibility (roof and structure), a new roof was installed in 2021. O'Reilly Auto Parts recently extended their lease and has occupied this Tacoma location for over 25 years.

Investment Highlights

  • O'Reilly Auto Parts, S&P Rating BBB+, Investment Grade Credit Tenant (NASDAQ:ORLY), Ranked #279 on Fortune 500
  • No State Income Tax in Washington State.
  • Minimal landlord responsibility (roof and structure). New roof installed in 2021
  • Over 6 years remaining on lease term, tenant has occupied this location since 1997

Exclusively Listed By

Financing By

Shopping Auto Center

O'Reilly's Auto Parts Tacoma

Listing Price: $2,500,000

Cap Rate
5.20%
Gross SF
6,500
Rentable SF
6,500
Price/Gross SF
$384.62
Lot Size
0.29 acres
Year Built
1941

Investment Highlights

  • O'Reilly Auto Parts, S&P Rating BBB+, Investment Grade Credit Tenant (NASDAQ:ORLY), Ranked #279 on Fortune 500
  • No State Income Tax in Washington State.
  • Minimal landlord responsibility (roof and structure). New roof installed in 2021
  • Over 6 years remaining on lease term, tenant has occupied this location since 1997

Investment Overview

The O'Reilly Auto Parts located at 2901 6th Ave in Tacoma is for sale for $2,500,000 at a current 5.2% cap and 5.6% average cap rate over the 6 plus year lease term. The building is 6,500 sf situated on 0.29 acres on 6th Avenue and South Pine Street. The offering includes a favorable corporate guaranteed NNN lease with minimal landlord responsibility (roof and structure), a new roof was installed in 2021. O'Reilly Auto Parts recently extended their lease and has occupied this Tacoma location for over 25 years.

Exclusively Listed By

Financing By

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