Auto Service - Gas-Conv

O'Reilly Auto Parts | 16+ Years

5570 Thomaston Rd, Macon, GA 31220

Listing Price: $1,531,000

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
16.20
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$218.71
Lease Type
Double Net
Rent Per Square Feet
$12.36

Investment Overview

The subject property is brand new O’Reilly Auto Parts located in Macon, GA. Located on Thomaston Road, O’Reilly benefits from the strong reported daily traffic counts of over 20,800. The immediate area has experienced strong momentum with new projects including a brand new Publix anchored shopping center across the street and the redevelopment of Northwest Commons, the 50,000+ square foot shopping center directly behind the O’Reilly. Other nearby tenants include Sherwin Williams, Tires Plus, Dollar General, Dollar Tree and more. O’Reilly is signed to a 20-year lease that commenced in February, 2017. There are scheduled rental increases of 6% at the beginning of lease year 11 and each renewal option. The lease provides for minimal Landlord responsibilities. Tenant is responsible for CAM, taxes, and property insurance expenses as well as maintenance, repair and replacement of the HVAC equipment.

Investment Highlights

  • NEWER 2017 CONSTRUCTION | 4-SIDE BRICK EXTERIOR
  • 16.5+ YEARS REMAINING ON 20-YEAR INITIAL TERM
  • DIRECTLY ACROSS THE STREET FROM NEW PUBLIX ANCHORED SHOPPING CENTER
  • THOMASTON ROAD ACCESS AND VISIBILITY | 20,800 VPD
  • STRONG POPULATION | 77,000+ 5-MILE POPULATION
  • PUBLICLY TRADED COMPANY | $10.15 BILLION ANNUAL REVENUE

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Auto Service - Gas-Conv

O'Reilly Auto Parts | 16+ Years

Listing Price: $1,531,000

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
16.20
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$218.71
Lease Type
Double Net
Rent Per Square Feet
$12.36

Investment Highlights

  • NEWER 2017 CONSTRUCTION | 4-SIDE BRICK EXTERIOR
  • 16.5+ YEARS REMAINING ON 20-YEAR INITIAL TERM
  • DIRECTLY ACROSS THE STREET FROM NEW PUBLIX ANCHORED SHOPPING CENTER
  • THOMASTON ROAD ACCESS AND VISIBILITY | 20,800 VPD
  • STRONG POPULATION | 77,000+ 5-MILE POPULATION
  • PUBLICLY TRADED COMPANY | $10.15 BILLION ANNUAL REVENUE

Investment Overview

The subject property is brand new O’Reilly Auto Parts located in Macon, GA. Located on Thomaston Road, O’Reilly benefits from the strong reported daily traffic counts of over 20,800. The immediate area has experienced strong momentum with new projects including a brand new Publix anchored shopping center across the street and the redevelopment of Northwest Commons, the 50,000+ square foot shopping center directly behind the O’Reilly. Other nearby tenants include Sherwin Williams, Tires Plus, Dollar General, Dollar Tree and more. O’Reilly is signed to a 20-year lease that commenced in February, 2017. There are scheduled rental increases of 6% at the beginning of lease year 11 and each renewal option. The lease provides for minimal Landlord responsibilities. Tenant is responsible for CAM, taxes, and property insurance expenses as well as maintenance, repair and replacement of the HVAC equipment.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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