About This Restaurant
Investment Highlights
STNL Investment ? Investment Grade Credit Tenant ? Long Term Lease Remaining Corporate Credit Tenant - Rental Increases Throughout the Remaining term & Options Outparcel to a Lowes Foods Grocery Anchored Shopping Center (?Bethlehem Village Shopping Center?) O?Reilly Auto Parts (NASDAQ: ORLY) - Rated ?BBB+? by S&P Over 15.5 Lease Years Remaining - 4, 5 Year Options Hickory, NC - Regional Hub for 365,000+ People - An Hour from Charlotte & Asheville
Executive Summary
The SnyderCarlton Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant net leased asset that is fully occupied by O?Reilly Auto Parts (NASDAQ: ORLY) with over 15.5 lease years remaining. Located in Hickory, NC, the property comprises a ~7,225 SF building on a 0.82-acre lot and is positioned as an outparcel to the grocery anchored shopping center, Bethlehem Village Shopping Center. The property benefits from easy access and good visibility along State Route 127 as well as being the primary daily needs retail destination serving the surrounding community. This is an excellent opportunity to own an investment grade credit tenant (NASDAQ: ORLY ? rated ?BBB+? by S&P) with over 15.5 years of lease term remaining, 10% rental increases every 5 years and minimal landlord management responsibilities.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Auto Repair General Retail Fast Food Freestanding
- Building Size 7,225
- Building Class B
- Year Built 2018
- Price 1,859,000
- Price Per SF 257
- Cap Rate 5.50
- NOI 102,265
- Tenancy Single
- Building Height 1 Story
Property Taxes
| Parcel Number | 0004718 | Improvements Assessment | $179,375 |
| Land Assessment | $472,043 | Total Assessment | $651,418 |
| Date Created: | 2024-07-16 04:16:24 | Last Updated: | 2024-07-16 04:16:24 |
| Address: | O'Reilly's , Hickory, North Carolina, 28601 | ||