Shopping Strip

O'Reilly Anchored Retail Center

70 Butler Ave, Midway, GA 31320

Listing Price: $800,000

Cap Rate
10.40%
Gross SF
17,071
Rentable SF
17,071
Price/Gross SF
$46.86
Lot Size
0.93 acres
Year Built
1992

Investment Overview

O'Reilly anchored retail center aka "Midway Mall" is a contiguous 19,500 square foot inline retail building that is subdivided into two tax parcels. 150 Butler Avenue is a 12,500 square foot building consisting of retail/office with a net leasable area of approximately 9,570 square feet that is currently 95% leased. 70 Butler Avenue is the adjoining 7,500 square foot building occupied by OReilly Auto Parts. O'Reilly's signed a new 15 year NNN lease in January 2019.

The property is located within the main central business district of Midway where most residents come to shop - making it an ideal place for any local businesses to conduct commerce. It's positioned just off Hwy 84 and only 3 miles west of I-95, which serves as vital distribution corridor for many large corporations.

Investment Highlights

  • Brand New Corporate 15 Year NNN Lease | Low Rent Only $2.56/sf Year
  • Over $83K in Property Improvements Completed in 2019 | Renovated Roof + Parking Lot
  • Low Price/Square Foot at $41/SF | High Yield Supported by Long Term Corporate Lease
  • All Leases Were Executed or Extended in 2019 | Long Term Tenant History
  • Adjacent to IGA Grocery, Family Dollar, Dollar General and Heritage Bank
  • Anchored by O'Reilly Auto Parts (NASDAQ: ORLY) B1 Credit Rating

Exclusively Listed By

  • Marc Irvin

    First Vice President Investments

    (678) 808-2725

    Email Marc

    License(s): GA: 348971

    Atlanta

  • Matthew Welch

    Associate

    Email Matthew

    License(s): FL: SL 3246912, GA: 358728

    Atlanta

Shopping Strip

O'Reilly Anchored Retail Center

Listing Price: $800,000

Cap Rate
10.40%
Gross SF
17,071
Rentable SF
17,071
Price/Gross SF
$46.86
Lot Size
0.93 acres
Year Built
1992

Investment Highlights

  • Brand New Corporate 15 Year NNN Lease | Low Rent Only $2.56/sf Year
  • Over $83K in Property Improvements Completed in 2019 | Renovated Roof + Parking Lot
  • Low Price/Square Foot at $41/SF | High Yield Supported by Long Term Corporate Lease
  • All Leases Were Executed or Extended in 2019 | Long Term Tenant History
  • Adjacent to IGA Grocery, Family Dollar, Dollar General and Heritage Bank
  • Anchored by O'Reilly Auto Parts (NASDAQ: ORLY) B1 Credit Rating

Investment Overview

O'Reilly anchored retail center aka "Midway Mall" is a contiguous 19,500 square foot inline retail building that is subdivided into two tax parcels. 150 Butler Avenue is a 12,500 square foot building consisting of retail/office with a net leasable area of approximately 9,570 square feet that is currently 95% leased. 70 Butler Avenue is the adjoining 7,500 square foot building occupied by OReilly Auto Parts. O'Reilly's signed a new 15 year NNN lease in January 2019.

The property is located within the main central business district of Midway where most residents come to shop - making it an ideal place for any local businesses to conduct commerce. It's positioned just off Hwy 84 and only 3 miles west of I-95, which serves as vital distribution corridor for many large corporations.

Exclusively Listed By

  • Marc Irvin

    First Vice President Investments

    (678) 808-2725

    Email Marc

    License(s): GA: 348971

    Atlanta

  • Matthew Welch

    Associate

    Email Matthew

    License(s): FL: SL 3246912, GA: 358728

    Atlanta

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