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Auto Parts

O'Reilly Auto Parts | 16.5 Years

30 Franklin Corner N., Prestonsburg, KY 41653

Listing Price: $1,676,000

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.7
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$231.97
Lease Type
Double Net
Rent Per Square Feet
$13.10

Investment Overview

The subject property is brand new O’Reilly Auto Parts located in Prestonsburg, KY on Highway 114, boasting a 14,000+ VPD. Additionally, within the immediate vicinity are Walgreens, Walmart, Dollar Tree, McDonald’s and more. O’Reilly is signed to a 20-year lease that commenced in June of 2017. There are scheduled rental increases of 6% at the beginning of lease year 11 and each of the 4, 5-year renewal options. The double-net (NN) lease provides for minimal Landlord responsibilities. O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities and other programs. As of March 31, 2020, the Company operated 5,512 stores in 47 U.S. states and 21 stores in Mexico.

Investment Highlights

  • 16.5 YEARS REMAINING ON INITIAL LEASE TERM
  • UPGRADED FRONT BRICK FACADE
  • WELL POSITIONED ON HIGHWAY 114 | 14,443 VPD

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    Email Robby

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

    Atlanta

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Financing By

Auto Parts

O'Reilly Auto Parts | 16.5 Years

Listing Price: $1,676,000

Cap Rate
5.65%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
15.7
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$231.97
Lease Type
Double Net
Rent Per Square Feet
$13.10

Investment Highlights

  • 16.5 YEARS REMAINING ON INITIAL LEASE TERM
  • UPGRADED FRONT BRICK FACADE
  • WELL POSITIONED ON HIGHWAY 114 | 14,443 VPD

Investment Overview

The subject property is brand new O’Reilly Auto Parts located in Prestonsburg, KY on Highway 114, boasting a 14,000+ VPD. Additionally, within the immediate vicinity are Walgreens, Walmart, Dollar Tree, McDonald’s and more. O’Reilly is signed to a 20-year lease that commenced in June of 2017. There are scheduled rental increases of 6% at the beginning of lease year 11 and each of the 4, 5-year renewal options. The double-net (NN) lease provides for minimal Landlord responsibilities. O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities and other programs. As of March 31, 2020, the Company operated 5,512 stores in 47 U.S. states and 21 stores in Mexico.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    Email Robby

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

    Atlanta

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

Financing By

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