Tuesday, December 9, 2014

O'Reilly Auto Parts - adjacent to Greenville, SC - Trophy Building under $1 million - Ground Lease


Investment Highlights

Price: $991,341 Cap Rate: 4.25%

•   6.1% Rental Increases every Five Years
•   19.5 Years Remaining on Lease Term
•   Zero Landlord Liability
•   O’Reilly Auto Parts as a NNN Ground Lease
•   O’Reilly Auto Parts store – high profile, Trophy Asset - All Brick Construction
•   Annual Average Daily Traffic Estimates over 20,000 per day
•   Sales Price is significantly under replacement costs – estimated at $1.5 million to replace
•   O’Reilly Auto Parts is located near the Greenville marketplace
•   O’Reilly Auto Parts Corporate Guaranteed ($6.18 B Sale in 2012 / $11.01 B Mkt Cap)
•   O’Reilly Auto Parts: #424 in Fortune 500 – S&P BBB Rating – Operating over 4,000 Locations
•   Three, Five-Year Option Remaining with 10.00% Increases


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