$1,220,000 O'REILLY AUTO PARTS West Spring St. & Swanson Dr., …
Investment Property Offering
$1,220,000
O'REILLY AUTO PARTS
West Spring St. & Swanson Dr., Monroe, GA 30655
Presented By:
Cindy Langman
322 Washington Street, Suite 101 Gainesville, GA 30501 (770)531-9992 cindy.langman@
Kase Abusharkh
252 Abigail Circle Danville, CA 94506 (925)348-1844 kase@
Offering Highlights
20 Year Corporate Guaranteed NN Lease Third Largest Auto Parts Dealer in the Nation Located on Main Commercial/Retail Corridor Surrounded by Many National Retailers
09/04/2008
O'REILLY AUTO PARTS
West Spring St. & Swanson Dr., Monroe, GA 30655
HIGHLIGHTS
20 Year Corporate Guaranteed NN Lease Third Largest Auto Parts Dealer in the Nation Located on Main Commercial/Retail Corridor Surrounded by Many National Retailers
Cross Street Tax Parcel No.
Market Sub Market
Year Built Building Class Location Class
Zoning Type Signalized Corner
Street Frontage No. of Buildings
No. of Stories No. of Tenants No. of Parking Spaces
Parking Ratio
Swanson
Walton County Monroe 2008 Retail No 154' 1 1 1 33 4.5/1,000
09/04/2008
Executive Summary
List Price Price Per GLA Price Per Sq.Ft.
NOI CAP Building Sq.Ft. Land Acres Occupancy.
$1,220,000 $168.86 $168.86 $84,000 6.89 % 7,225 0.7500 100 %
PROPERTY DESCRIPTION
Construction
One-story pre-engineered metal building/masonry building.
Parking
33 parking spaces. See site plan for exact locations.
Traffic Counts
16,680 ADT
Ingress/Egress
Full access curb cut on Swanson Drive.
Major Tenants
100% occupied by O'Reilly Auto Parts
Area
Monroe/Walton County is strategically located between the urban sprawl of Atlanta and the classic city of Athens - home of the University of Georgia. Because of it's close proximity to I-20, U.S. Hwy 78 & Ga Hwy 316, industry is booming. Wal-Mart has 2 distribution centers in Monroe totaling almost 1,000,000 sq.ft. of warehouse space. Monroe's population has grown 22% in the last several years.
Property
Custom built structure for O'Reilly Auto Parts to be completed by late summer 2008.
Exclusively Listed By:
Cindy Langman
(770)531-9992 cindy.langman@
Kase Abusharkh
(925)348-1844 kase@
Rent Roll Summary
Space Tenant Name Number
100
O'Reilly Auto Parts
Start Date End Date Occupied S.F.
9/1/2008 8/31/2028 7,225
Vacant S.F.
Annual Rent S.F.
$11.63
Occupied Rent
$84,000
Total 7,225
$84,000
Vacant Rent
% of Escalations / Options / Comments Total
$0 100.0 % First Option: 12% Second Option: 6% Third Option: 6% Three (3) successive periods of five (5) years each.
$0 100.0 %
Potential Annual Income Total S.F. Avg. Annual Per S.F. S.F. Vacancy (%) Rent Vacancy (%)
$84,000 7,225
$11.63
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Parcel Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
Location Map
The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
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