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 –