Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Western Massachusetts | 18Yr Lease | Near 442k+ SF Power Center

481 Dalton Ave, Pittsfield, MA 01201

Listing Price: $2,650,590

Cap Rate
5.25%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
17.60
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$378.66
Lease Type
Double Net
Rent Per Square Feet
$19.88

Investment Overview

Pittsfield is the largest city and the county seat of Berkshire County, Massachusetts. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. Pittsfield is the fourth largest municipality in western Massachusetts, behind only Springfield, Holyoke, and Chicopee. The City has thousands of visitors and tourists drawn by the region’s year round recreation and cultural offerings. Berkshires is considered the commercial, financial, medical and geographic hub of Pittsfield.

Investment Highlights

  • The Overall Company is Ranked #329 on Fortune 500 List and Features a S&P Investment Grade Credit Rating of "BBB".
  • 18 Year Corporate Lease Featuring 6% Rental Increases in Year 11, 16 and Each Option. 2018 Construction Featuring a 25 Year Roof Warranty in place up until Nov. 2042.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 17k Vehicles.
  • Walking Distance from Berkshire Crossing - A 442k+ Sq.Ft. Power Center with Major Tenants including Walmart, The Home Depot, Market 32, BJ's Wholesale, Staples and many more.
  • Surrounded by Numerous National Retailers such as ALDI, Big Lots, Dick's Sporting Goods, Walgreens, Tractor Supply, Harbor Freight, Stop & Shop, Dollar Tree, Petco and more.

Exclusively Listed By

Auto Parts

O’Reilly Auto Parts (NASDAQ: ORLY) | Western Massachusetts | 18Yr Lease | Near 442k+ SF Power Center

Listing Price: $2,650,590

Cap Rate
5.25%
Tenant Name
O'Reilly Auto Parts
Years Remaining On Lease
17.60
Gross SF
7,000
Guarantor
Corporate Guarantee
Rentable SF
7,000
Price/Gross SF
$378.66
Lease Type
Double Net
Rent Per Square Feet
$19.88

Investment Highlights

  • The Overall Company is Ranked #329 on Fortune 500 List and Features a S&P Investment Grade Credit Rating of "BBB".
  • 18 Year Corporate Lease Featuring 6% Rental Increases in Year 11, 16 and Each Option. 2018 Construction Featuring a 25 Year Roof Warranty in place up until Nov. 2042.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 17k Vehicles.
  • Walking Distance from Berkshire Crossing - A 442k+ Sq.Ft. Power Center with Major Tenants including Walmart, The Home Depot, Market 32, BJ's Wholesale, Staples and many more.
  • Surrounded by Numerous National Retailers such as ALDI, Big Lots, Dick's Sporting Goods, Walgreens, Tractor Supply, Harbor Freight, Stop & Shop, Dollar Tree, Petco and more.

Investment Overview

Pittsfield is the largest city and the county seat of Berkshire County, Massachusetts. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. Pittsfield is the fourth largest municipality in western Massachusetts, behind only Springfield, Holyoke, and Chicopee. The City has thousands of visitors and tourists drawn by the region’s year round recreation and cultural offerings. Berkshires is considered the commercial, financial, medical and geographic hub of Pittsfield.

Exclusively Listed By

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