333 W RAILROAD AVE | INDEPENDENCE, LA 70443

[Pages:14]REPRESENTATIVE PHOTO TM

333 W RA ILRO A D AVE | INDEPENDENCE, LA 70443

OFFERING MEMORANDUM

REPRESENTATIVE PHOTO

LISTED BY

JACK COLLINS

Associate DIRECT +1 (512) 535-4850 MOBILE +1 (312) 350-9571 jack.collins@ LIC # 759772 (TX)

CONRAD SARREAL

Associate Vice President DIRECT +1 (214) 692-2847 MOBILE +1(626) 230-1006 conrad.sarreal@ LIC # 01982875 (CA)

DONNIE JARREAU

BROKER OF RECORD LIC # 995685215 (LA)

REPRESENTATIVE PHOTO

333 W RA ILRO A D AVE | INDEPENDENCE, LA 70443

TABLE OF CONTENTS

4 EXECUTIVE OVERVIEW

6 FINANCIAL OVERVIEW

8 TENANT OVERVIEW

9 AREA OVERVIEW

EXECUTIVE OVERVIEW

INVESTMENT HIGHLIGHTS:

? Hedging Against Inflation and Depreciation ? There's a 5.5% rental increase scheduled for 2023 and each option period ? Ideal 1031 Exchange Opportunity ? This lease expires in 2033 making it a great opportunity for an investor looking for a passive investment with

rental increases. ? Strong Investment Grade Credit ? O'Reilly Auto Parts boasts strong investment-grade credit of BBB from Standard & Poor's as well as seen a

30%+increase in their trailing 12-month stock price as of September 2021. ? Pandemic Resistant Business Model ? O'Reilly Auto Parts was considered an essential retailer, and their stores stayed open for business throughout

the COVID-19 pandemic. ? More Than Tripled Historical Sales Growth ? Between 2016 and 2019, comparable store sales increased an average of 3.5% per year. However,

despite the severely struggling economy in 2020, O'Reilly Auto Parts more than tripled their average growth rate. They concluded 2020 with $11.6 billion in sales, which was a nearly 11% boost from 2019, outpacing both AutoZone and Advance Auto Parts' comparable growth rates of 7.4% and 2.4% respectively. ? Working Class Demographics ? With local household incomes in the $50,000 range, this O'Reilly Auto Parts store is strategically located within a working class submarket. ? Adjacent to Major Grocer - Piggly Wiggly who has roughly 500 locations throughout the eastern part of the county, is adjacent to the subject property.

REPRESENTATIVE PHOTO

REPRESENTATIVE PHOTO

LIST PRICE

$1,450,000

TERM REMAINING

?12 YRS

CAP RATE

5.21%

NOI

$75,600

BUILDING INFORMATION

Address GLA (SF) Lot Size Year Built

333 W Railroad Ave Independence, LA 70443

?6,400 SF

?0.51 AC

2013

REPRESENTATIVE PHOTO

FINANCIAL OVERVIEW

TENANT SUMMARY

Tenant Name Type of Ownership Lessee Entity Lease Type Roof, Structure, and Parking Lot Term Remaining Lease Commencement Date Lease Expiration Date Increases Options GLA Lot Size Year Built ROFR

Current 7/1/2023 - 6/30/2033

Option 1 Option 2 Option 3

6 | OFFERING MEMORANDUM

Monthly $6,300 $6,678 $7,079 $7,503 $7,954

O'Reilly Auto Parts Fee Simple Corporate NN

Landlord Responsible 12 Years 7/1/2013

6/30/2033 5.5% in 2023 and Each Option

Three, 5-Year ?6,400 SF ?0.51 AC 2013

10 Business Days

RENT ROLL

Annual $75,600 $80,136 $84,948 $90,036 $95,448

DEBT QUOTE

Loan quote provided by MatthewsTM based on market conditions at this time. Actual rates and terms will vary based

on market conditions at closing.

PATRICK FLANAGAN patrick.flanagan@

LTV: 65% RATE: 3.75%-4.25% AMORTIZATION: 25 Years

Annual Rent/SF $11.81 $12.52 $13.27 $14.07 $14.91

Cap Rate 5.21% 5.46% 5.71% 5.96% 6.21%

INTERSTATE

55

? 39,000 VPD

51

? 10,000 VPD

PROVOST TRANSMISSION REPAIR

INDIAN CREEK CAMPGROUND

DORAN SEAFOOD

INDEPENDENCE HIGH MAGNET SCHOOL

CANNON'S DISCOUNT PHARMACY

INTERSTATE

55

? 39,000 VPD

51

? 10,000 VPD

O'REILLY | 7

REPRESENTATIVE PHOTO

TENANT OVERVIEW

COMPANY NAME YEAR FOUNDED HEADQUARTERS OWNERSHIP INDUSTRY

# OF EMPLOYEES

O'Reilly Auto Parts 1957 Springfield, MO Public Auto Parts ?77,000

O'REILLY AUTO PARTS

The fast-growing company sells automotive aftermarket parts (both new and remanufactured), maintenance supplies, professional service equipment, tools, and accessories through some 5,616 stores across 47 US states and online. Many O'Reilly stores also offer customers a range of services, including oil and battery recycling, battery testing, paint mixing, and tool rental. The family founded and operated company wheels and deals with automotive professionals, as well as do-it-yourself customers.

$11.6 B 2020 Sales

$1.7 B

2020 Net Income

5,616 +

Stores Worldwide

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

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

Google Online Preview   Download