Florida O’Reilly Auto Parts | 47k Vehicles Per Day | Strong Intrinsic Value

  • $2,070,500
Capital Circle Northeast, Saint Peter, Tallahassee, Leon County, Florida, 32308, United States of America

Florida O’Reilly Auto Parts | 47k Vehicles Per Day | Strong Intrinsic Value

Capital Circle Northeast, Saint Peter, Tallahassee, Leon County, Florida, 32308, United States of America
  • $2,070,500

Overview

Property ID: 18539
  • Property Type
  • Shopping Centers
  • 8241
  • sqft
  • 1985
  • Year Built

Description

Capital Circle Northeast, Saint Peter, Tallahassee, Leon County, Florida, 32308, USA

 

Located in Tallahassee, Florida, this net leased O’Reilly Auto Parts property consists of an 8,234 sq.ft., freestanding building, and sits on a massive 1.11 acres of land. O’Reilly Automotive Stores Inc. signed a new fifteen-year lease in November of 2014. The lease includes rent increases every five years during the base term and into the options. The property is located across the street from a Home Depot, PetSmart, and Bealls Anchored Power Center. It is highly visible on Capital Circle, which has a traffic count of more than 47,000 vehicles per day. Several national and local retailers are also located in the vicinity like McDonald’s, Steak N Shake, Outback Steakhouse, Chick Fil A, Zaxby’s, Office Depot, Chipotle, The Home Depot, PetSmart and Bealls.

 

Headquartered in Springfield, Missouri, O’Reilly Automotive, Inc. is a publicly-traded company. The company had started with just one store and 13 employees and had achieved a sales figure of $700,000 in its first business year in 1958. In 2018, the company registered a sales figure of $9.536 billion. O’Reilly Automotive has a Standard & Poor’s BBB (investment grade) credit rating.

This investment property is suitable for a 1031 exchange. 

Property Details – 

  • Property Type – Shopping Center
  • Property Status – Available
  • Location – Capital Circle Northeast, Saint Peter, Tallahassee, Leon County, Florida, 32308, USA
  • Year of Construction – 1985
  • Lease Type – Net Lease
  • Lease Expiration – 9 years 6 months
  • Property Size – 8241 sq.ft.

Details

Updated on May 1, 2020 at 5:48 am
  • Price: $2,070,500
  • Property Size: 8241 sqft
  • Year Built: 1985
  • Property Type: Shopping Centers
  • Property Status: Available
  • Cap Rate: 5.85%
  • Lease Expiration: 9 years 5 months
  • NOI: $121,120
  • Tenant: Single Tenant Net Lease
  • Address Capital Circle Northeast, Saint Peter, Tallahassee, Leon County, Florida, 32308, United States of America
  • City Tallahassee
  • State/county Leon County
  • Zip/Postal Code 32308

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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