O'Reilly Auto Parts | 1616 Tappahanock Blvd
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O'Reilly Auto Parts 1616 Tappahanock Blvd
7,225 SF Retail Building Tappahannock, VA 22560 $1,993,338 ($276/SF) 5.90% Cap Rate
Investment Highlights
- 16+ Years Remaining on NN+ with Minimal Landlord Responsibilities
- Four (5) Year Option Periods With 6% Rental Increase on Year 11 & 16 and Option Periods
- Tenants Sits on a Large 0.92 Acre Lot
- Strong Corporate Guarantee From O’Reilly Auto Parts
- Located Directly on Tappahannock Blvd Which Sees Over 44,050 VPD
- Average Household Income is $63,125 Within a 5 Mile Radius
Executive Summary
Helios Investment Services is excited to offer for sale the O'Reilly Auto Parts store located at 1616 Tappahannock Blvd, Tappahannock, VA. This 7,225 SF property is leased to O'Reilly Auto Parts, a publicly traded Fortune 500 company (NASDAQ: ORLY) with a strong corporate guarantee and an investment-grade BBB credit rating from S&P. With over 15 years remaining on the lease, this NN+ property provides minimal landlord responsibilities, offering a secure, long-term investment with scheduled 6% rental increases at years 11, 16, and option periods.
This property is situated along Tappahannock Blvd, one of the busiest commercial corridors in Tappahannock, with over 44,050 vehicles passing by daily. The surrounding area is anchored by major retailers including Walmart Supercenter, Lowe's Home Improvement, and Food Lion, ensuring consistent customer traffic and strong market demand. Tappahannock is also the oldest town in Essex County, VA, providing a blend of historical charm and steady economic activity.
This property is situated along Tappahannock Blvd, one of the busiest commercial corridors in Tappahannock, with over 44,050 vehicles passing by daily. The surrounding area is anchored by major retailers including Walmart Supercenter, Lowe's Home Improvement, and Food Lion, ensuring consistent customer traffic and strong market demand. Tappahannock is also the oldest town in Essex County, VA, providing a blend of historical charm and steady economic activity.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
7,225 SF
Building Class
B
Year Built
2020
Price
$1,993,338
Price Per SF
$276
Cap Rate
5.90%
NOI
$117,607
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Land Acres
0.92 AC
Opportunity Zone
Yes
Zoning
C-2 - General Commerical
Parking
40 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
183 FT on Tappahannock Boulevard
Amenities
- Drive Thru
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Kaveh Ebrahimi -
Neeraj Kumar -
Helios Investment Services
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O'Reilly Auto Parts | 1616 Tappahanock Blvd
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