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Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Houston MSA | Long Term Lease | Investment Grade Credit Tenant

1021 E Hwy 90 Alt, Richmond (Houston MSA), TX 77406

Listing Price: $1,636,320

Cap Rate
5.00%
Tenant Name
O’Reilly Auto Parts
Years Remaining On Lease
10.4
Gross SF
7,002
Guarantor
Corporate Guarantee
Rentable SF
7,002
Price/Gross SF
$233.69
Lease Type
Double Net
Rent Per Square Feet
$11.68

Investment Overview

Richmond is a city in and the county seat of Fort Bend County, Texas, located within the Houston–The Woodlands–Sugar Land metropolitan area. Most of the city is situated on the southwest side of the Brazos River, with a small portion (Richmond Landing) on the northeast side, connected by US Highway 90A. Richmond is bordered to the southwest by the city of Rosenberg. US 90A leads east 8 miles to Sugar Land and west through Rosenberg 19 miles to East Bernard. Downtown Houston is 30 miles to the northeast. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

Investment Highlights

  • Corporate Long Term Lease Featuring 6% Rental Increases Every 5 Years throughout the Initial Term and Options. 9+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k and over 143k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Across from Mandola Farms - Brand New Construction Single Family Development.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Across from Mandola Farms - Brand New Construction Single Family Development.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Houston MSA | Long Term Lease | Investment Grade Credit Tenant

Listing Price: $1,636,320

Cap Rate
5.00%
Tenant Name
O’Reilly Auto Parts
Years Remaining On Lease
10.4
Gross SF
7,002
Guarantor
Corporate Guarantee
Rentable SF
7,002
Price/Gross SF
$233.69
Lease Type
Double Net
Rent Per Square Feet
$11.68

Investment Highlights

  • Corporate Long Term Lease Featuring 6% Rental Increases Every 5 Years throughout the Initial Term and Options. 9+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 30k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $116k and over 143k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Across from Mandola Farms - Brand New Construction Single Family Development.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Developments Under Construction. Across from Mandola Farms - Brand New Construction Single Family Development.

Investment Overview

Richmond is a city in and the county seat of Fort Bend County, Texas, located within the Houston–The Woodlands–Sugar Land metropolitan area. Most of the city is situated on the southwest side of the Brazos River, with a small portion (Richmond Landing) on the northeast side, connected by US Highway 90A. Richmond is bordered to the southwest by the city of Rosenberg. US 90A leads east 8 miles to Sugar Land and west through Rosenberg 19 miles to East Bernard. Downtown Houston is 30 miles to the northeast. Greater Houston has historically been among the fastest-growing metropolitan areas in the United States; it was the fastest-growing in absolute terms during the 2013–2014 census year, adding 156,371 people. The area grew 25.2% between 1990 and 2000—adding more than 950,000 people—while the country’s population increased only 13.2% over the same period, and from 2000 to 2007 alone, the area added over 910,000 people. The Greater Houston Partnership projected the metropolitan area would add between 4.1 and 8.3 million new residents between 2010 and 2050.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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