130 E Dayton Yellow Springs Rd, Fairborn, OH 45324
Marcus & Millichap is pleased to present this single tenant, Double-Net 'NN' leased auto parts store in the city of Fairborn, Greene County, Ohio. The tenant is O'Reilly Automotive Inc. (NASDAQ: ORLY), a leader in the aftermarket auto parts industry with over 5,500 locations across 47 states.
The subject property, O'Reilly Auto Parts, was renovated in 2020 with rental payments commencing February 1, 2021. The property is double-net (NN) leased to O'Reilly Automotive Inc for 10 years with management responsibilities extending to the roof and structure. The building, when completed, will be approximately 10,055 square feet with a land area of .917 acres. The property is an end cap location that shared demising wall with the adjacent in line Ace Hardware. The property sits on a separate, unique parcel from the rest of the center. The roof also will have a divider between the subject properties roof and the roof of the attached building.
This O'Reilly Auto Parts is located in Fairborn, Ohio, an Eastern suburb of Dayton. It sits right in the central business district of Fairborn. Dayton-Yellow Springs Rd serves as the main E/W thoroughfare in Fairborn with many of the local businesses, groceries, and schools being located along this stretch of road. Some of the major retailers in the vicinity include: Ace Hardware, Speedway, Walgreens, CVS, Long John Silvers, Save a Lot, Dollar General, Kmart, Family Video, Autozone, and more.
The price of the property is $1,221,385 at a 5.85% cap with an annual rent of $71,451.
License(s): OH: BRK.2007005898
Ohio
Marcus & Millichap is pleased to present this single tenant, Double-Net 'NN' leased auto parts store in the city of Fairborn, Greene County, Ohio. The tenant is O'Reilly Automotive Inc. (NASDAQ: ORLY), a leader in the aftermarket auto parts industry with over 5,500 locations across 47 states.
The subject property, O'Reilly Auto Parts, was renovated in 2020 with rental payments commencing February 1, 2021. The property is double-net (NN) leased to O'Reilly Automotive Inc for 10 years with management responsibilities extending to the roof and structure. The building, when completed, will be approximately 10,055 square feet with a land area of .917 acres. The property is an end cap location that shared demising wall with the adjacent in line Ace Hardware. The property sits on a separate, unique parcel from the rest of the center. The roof also will have a divider between the subject properties roof and the roof of the attached building.
This O'Reilly Auto Parts is located in Fairborn, Ohio, an Eastern suburb of Dayton. It sits right in the central business district of Fairborn. Dayton-Yellow Springs Rd serves as the main E/W thoroughfare in Fairborn with many of the local businesses, groceries, and schools being located along this stretch of road. Some of the major retailers in the vicinity include: Ace Hardware, Speedway, Walgreens, CVS, Long John Silvers, Save a Lot, Dollar General, Kmart, Family Video, Autozone, and more.
The price of the property is $1,221,385 at a 5.85% cap with an annual rent of $71,451.
License(s): OH: BRK.2007005898
Ohio