O'Reilly | 11+yrs Remain Corp NNN | 11511 US-51 Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
O'Reilly | 11+yrs Remain Corp NNN 11511 US-51 Hwy
7,225 SF Retail Building Atoka, TN 38004 $1,483,000 ($205/SF) 6.15% Cap Rate
Investment Highlights
- 11 years and more remaining lease with 4(5-year) extension periods
- Below market rent for the area and for the tenant
- Just 1 mile away from the Woodlands at Capital Way apartment community (180 units) and Munford High School) (1,200 students)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Extremely visible and significant signage, directly accessible from Memphis, one of the largest cities in Southeastern US with over 600,000 residents
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, investment grade (S&P: BBB), corporate guaranteed (NASDAQ: ORLY) O’Reilly Auto Parts investment property located in Munford, Tennessee. The tenant, O’Reilly Automotive Stores, Inc., has over 11-years remaining on its lease with 4 (5-year) options to extend. The lease features 6% rental increases every 5-years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1957, O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories, with over 6,200 locations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,225 SF
Year Built
2016
Price
$1,483,000
Price Per SF
$205
Cap Rate
6.15%
NOI
$91,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.16 AC
Zoning
General Commercial
Parking
27 Spaces (3.74 Spaces per 1,000 SF Leased)
Frontage
285 FT on U.S. 51
Amenities
- Freeway Visibility
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- O'Reilly Auto Parts
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| O'Reilly Auto Parts | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 111G-B-003.00 | Improvements Assessment | $319,440 |
| Land Assessment | $202,240 | Total Assessment | $521,680 |
PROPERTY TAXES
Parcel Number
111G-B-003.00
Land Assessment
$202,240
Improvements Assessment
$319,440
Total Assessment
$521,680
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
O'Reilly | 11+yrs Remain Corp NNN | 11511 US-51 Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.