$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.

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download