O’Reilly Auto Parts
O'Reilly Auto Parts
YAKIMA, WASHINGTON
Overview
O'Reilly Auto Parts
1512 E NOB HILL BLVD, YAKIMA, WA 98901
PAGE 3
Investment Summary
LEASEABLE SF
7,200 SF
LAND AREA
19,711 SF
PRICE PER SF
$107
RENT/SF
$6.94
LEASE TYPE
NNN*
LEASE EXPIRATION
September 30, 2021
YEAR BUILT
17 Spaces; 2.4/1,000 SF
*Landlord responsible for the structural integrity of the building and the water systems.
YEAR BUILT
1983
$770,000
PRICE
6.50%
CAP
THE OFFERING provides a corporate NNN O'Reilly Auto Parts priced well below replacement cost in Yakima, WA. With a 30+ year occupancy history in this location, investment grade credit and a below market rent, the tenant displays excellent stability with the potential to provide significant rent upside in their option periods.
Overview
Investment Highlights
The highlights
PUBLICLY-TRADED O'REILLY AUTO PARTS RECOGNIZES A `BBB' INVESTMENT GRADE CREDIT RATING FROM STANDARD AND POOR'S. PRICED BELOW REPLACEMENT COST AT $107/SF. UNDER MARKET RENT PROVIDES STABILITY FROM THE TENANT AND LONG-TERM RENT UPSIDE. NNN EXPENSE STRUCTURE PROVIDES MINIMAL MANAGEMENT RESPONSIBILITY.
About the Tenant
BBB
S&P CREDIT RATING
5,200+
LOCATIONS
PAGE 5
ORLY
NASDAQ SYMBOL
$1.3B
NET OPERATING INCOME (2018)
79,000+
EMPLOYEES
THE TENANT HAS A 32-YEAR TENURE AT THIS LOCATION. DENSE INFILL DEMOGRAPHIC WITH STRONG TRAFFIC COUNTS ABOVE 23,000 VPD ALONG EAST NOB HILL BLVD. SCHEDULED RENT INCREASES IN OPTION PERIODS CREATES YIELD UPSIDE.
Investment Highlights
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