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