New O’Reilly Auto Parts - Rare 20 Year Initial Lease Term - Richmond, VA

Retail / Posted 10 months ago by Bill Weitzenkorn, SWE Realty / 313 views

  • Price : $2,420,496
  • Cap Rate : 5.00%
  • Net Operating Income : $121,024
  • Tenant : O'Reilly Auto Parts
  • Lease Type : NN
  • Lease Term Remaining (Years) : 20
  • Building Size (SF) : 7,225
  • Year Built : 2020
  • New All Brick Freestanding O’Reilly Auto Parts store
  • Long Term Corporate Backed Net Lease
  • 6% Rental Increase in Year 11 and Each Option
  • 26,000 + Vehicles Per Day Traffic Counts
  • Rare 20 Year Initial Lease Term
  • S&P Investment Grade Credit Rating (BBB Stable)
  • Essential Retailer and Recession Resistant Business
  • Strong Covid-19 Performance Proving Strength as a Dominate Retailer in the Auto Parts Sector
  • 182,000+ Residents with Average HHI of $87K + within 5 miles
  • Hard Corner Traffic Lit Intersection Parcel
  • Conveniently located less than 2 Miles to Interstate 95
  • Approx. 8 miles from Downtown Richmond, VA

This property is listed in conjunction with Virginia-licensed Downer and Associates. Virginia License #0225001822

7701 Brook RdVirginia,23227

Bill Weitzenkorn
SWE Realty

4702372043

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