Auto Parts

O'Reilly Auto Parts

Listing Price: $2,741,000

Cap Rate
5.25%
Tenant Name
O'Reilly
Years Remaining On Lease
16.60
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$379.38
Lease Type
Double Net
Rent Per Square Feet
$19.92

Investment Overview

17 YEAR CORPORATE LEASE WITH INCREASES • Over 17 years remaining on a corporate guaranteed lease by O’Reilly Auto Parts. • There are 6% rental increases in years 11 and 16 and each of the 4, 5-Year option periods. • Tenant is responsible for taxes, CAM and insurance and Landlord is responsible for roof, structure, parking lot replacement. INVESTMENT GRADE TENANT • O’Reilly Auto Parts (NASDAQ: ORLY) has an S&P credit rating of BBB. • There are currently 5,460 locations in 47 states. • O’Reilly Auto Parts has been in business since 1957 and has revenues over $9.5 Billion. ADJACENT TO 700,000 SF MEGA RETAIL CENTER • This O’Reilly is well located adjacent to The Village at Cumberland Park, a 700,000+ SF regional megaretail center that sits on approximately 80 acres. National retailers include TJ Maxx, Bed, Bath, & Beyond, Old Navy, Burlington, Ross, and many more. The trade area for this property extends to many surrounding East Texas markets. • The property is located along Tyler’s main retail corridor (Broadway Avenue) with 31,536 VPD and just North of TX Loop 49 (15,440 VPD). • This store is located just 7 miles south of Downtown Tyler and 6 miles southwest of University of Texas at Tyler which has an undergraduate enrollment of 6,699. • The 5 mile population of this property is almost 75,000 and AHHI is over $92,000. TAX FREE STATE • Texas is one of seven states which has no income tax. • Texas also has no estate tax. TYLER • Tyler is the largest city in NE Texas with a population of 105,727. • Tyler was the thirty-eighth most populous city in Texas and it is the largest city and county seat of Smith County. • Tyler is host to more than 20,000 higher-education students from the University of Texas at Tyler, a university health science center, and regional hospital systems.

Investment Highlights

  • 17 Year Corporate Lease With Increases
  • Investment Grade Tenant | 5,460 Locations
  • Adjacent To 700,000 SF | Mega Retail Center
  • Texas Is A Tax Free State
  • 5 Mile Population Of 74,358 | AVG HHI Of $92,000

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

Listing Price: $2,741,000

Cap Rate
5.25%
Tenant Name
O'Reilly
Years Remaining On Lease
16.60
Gross SF
7,225
Guarantor
Corporate Guarantee
Rentable SF
7,225
Price/Gross SF
$379.38
Lease Type
Double Net
Rent Per Square Feet
$19.92

Investment Highlights

  • 17 Year Corporate Lease With Increases
  • Investment Grade Tenant | 5,460 Locations
  • Adjacent To 700,000 SF | Mega Retail Center
  • Texas Is A Tax Free State
  • 5 Mile Population Of 74,358 | AVG HHI Of $92,000

Investment Overview

17 YEAR CORPORATE LEASE WITH INCREASES • Over 17 years remaining on a corporate guaranteed lease by O’Reilly Auto Parts. • There are 6% rental increases in years 11 and 16 and each of the 4, 5-Year option periods. • Tenant is responsible for taxes, CAM and insurance and Landlord is responsible for roof, structure, parking lot replacement. INVESTMENT GRADE TENANT • O’Reilly Auto Parts (NASDAQ: ORLY) has an S&P credit rating of BBB. • There are currently 5,460 locations in 47 states. • O’Reilly Auto Parts has been in business since 1957 and has revenues over $9.5 Billion. ADJACENT TO 700,000 SF MEGA RETAIL CENTER • This O’Reilly is well located adjacent to The Village at Cumberland Park, a 700,000+ SF regional megaretail center that sits on approximately 80 acres. National retailers include TJ Maxx, Bed, Bath, & Beyond, Old Navy, Burlington, Ross, and many more. The trade area for this property extends to many surrounding East Texas markets. • The property is located along Tyler’s main retail corridor (Broadway Avenue) with 31,536 VPD and just North of TX Loop 49 (15,440 VPD). • This store is located just 7 miles south of Downtown Tyler and 6 miles southwest of University of Texas at Tyler which has an undergraduate enrollment of 6,699. • The 5 mile population of this property is almost 75,000 and AHHI is over $92,000. TAX FREE STATE • Texas is one of seven states which has no income tax. • Texas also has no estate tax. TYLER • Tyler is the largest city in NE Texas with a population of 105,727. • Tyler was the thirty-eighth most populous city in Texas and it is the largest city and county seat of Smith County. • Tyler is host to more than 20,000 higher-education students from the University of Texas at Tyler, a university health science center, and regional hospital systems.

Exclusively Listed By

  • Don McMinn

    Senior Managing Director Investments

    Email Don

    License(s): GA: 292036

    Atlanta

MM Texture Background
MM Textured Background Lower