O'Reilly Auto Parts | 6.25% CAP | 13 YR Rem | 433 N Wolf Creek St
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O'Reilly Auto Parts | 6.25% CAP | 13 YR Rem 433 N Wolf Creek St
7,225 SF Retail Building Brookville, OH 45309 $1,690,000 ($234/SF) 6.25% Cap Rate
Investment Highlights
- NN Lease with 13 Years left on the Term | Increase at Year 10 and Every 5 Years in Option Periods
- Surrounded By Major Retailers Including: IGA Grocery, Rite Aid, Dollar Tree, Subway, Pizza Hut, Advanced Auto Parts, Holiday Inn Suites, Waffle House
- New Built-To-Suit Building for the Current Tenant Increasing the Likelihood That They Will Exercise Their Options and Remain at This Location
- Part of Dayton MSA (800,000+ Population) – Vibrant Region
- Corporate Guaranty by O’Reilly Auto Parts [ORLY (NASDAQ), $15.8B in 2023]
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a premier property situated along N Wolf Creek Street, a key thoroughfare in the rapidly growing city of Brookville. This location benefits from close proximity to Interstate-70, a major U.S. highway connecting ten states, enhancing regional accessibility. Brookville, located just 15 miles northwest of Dayton, is part of the vibrant Dayton Metropolitan Statistical Area, which boasts a population of over 800,000 and is celebrated for its rich history, economic vitality, and diverse cultural offerings. The surrounding area is well-served by major retailers including IGA Grocery, Rite Aid, Dollar Tree, and popular dining options such as Subway, Pizza Hut, and Waffle House.
The property features a NN lease with about 13.3 years remaining on the term, with scheduled rent increases at year 10 and every 5 years thereafter. Anchored by O'Reilly Auto Parts, a leading American retailer in automotive parts, tools, and accessories, the lease is backed by a corporate guaranty from a company with a strong financial profile, including a BBB+ S&P rating and a Baa1 Moody's rating. O'Reilly Auto Parts, recently ranked No. 268 on the Fortune 500 list, operates over 6,100 stores across the U.S., Mexico, and Canada. The newly built-to-suit facility highlights the tenant’s commitment to the location, increasing the likelihood of lease extension and continued occupancy.
The property features a NN lease with about 13.3 years remaining on the term, with scheduled rent increases at year 10 and every 5 years thereafter. Anchored by O'Reilly Auto Parts, a leading American retailer in automotive parts, tools, and accessories, the lease is backed by a corporate guaranty from a company with a strong financial profile, including a BBB+ S&P rating and a Baa1 Moody's rating. O'Reilly Auto Parts, recently ranked No. 268 on the Fortune 500 list, operates over 6,100 stores across the U.S., Mexico, and Canada. The newly built-to-suit facility highlights the tenant’s commitment to the location, increasing the likelihood of lease extension and continued occupancy.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
7,225 SF
Building Class
B
Year Built
2023
Price
$1,690,000
Price Per SF
$234
Cap Rate
6.25%
NOI
$105,608
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.88 AC
Zoning
C-C
Parking
25 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
158 FT on North Wolf Creek Street
Amenities
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- O'Reilly Auto Parts
- Retailer
- 7,225 SF
- -
- Triple Net
- Feb 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| O'Reilly Auto Parts | Retailer | 7,225 SF | - | Triple Net | Feb 2038 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $360,140 | |
| Land Assessment | $92,850 | Total Assessment | $452,990 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$92,850
Improvements Assessment
$360,140
Total Assessment
$452,990
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O'Reilly Auto Parts | 6.25% CAP | 13 YR Rem | 433 N Wolf Creek St
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