O’Reilly Auto Parts | 10+ Years Remaining on Lease

  • $1,912,000
932, North Germantown Parkway, Cordova, Memphis, Shelby County, Tennessee, 38018, United States of America

O’Reilly Auto Parts | 10+ Years Remaining on Lease

932, North Germantown Parkway, Cordova, Memphis, Shelby County, Tennessee, 38018, United States of America
  • $1,912,000

Overview

Property ID: 18541
  • Property Type
  • Shopping Centers
  • 9106
  • sqft

Description

Located in Cordova, Tennessee, this net leased O’Reilly Auto Parts property consists of a 9,106 sq.ft. freestanding building and sits on a huge 0.86 acre of land. In May 2015, O’Reilly Automotive Stores Inc. signed a new fifteen-year lease that includes rent increases every five years during the base term and into the options. The property is situated at Germantown Parkway, which receives a traffic count of over 54,000 vehicles per day. Several big national and local retailers are also located in the surrounding like Express Oil Changers, Taco bell, Walmart Supercenter, Walgreens, Starbucks, IHOP, CVS, Wendy’s, Dunkin Donuts, Chipotle, and Kroger.

 

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 in its very first year, had registered a sales figure of $700,000 in 1958. The company registered sales worth $9.536 billion in 2018. O’Reilly Automotive Inc. 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 – 932, North Germantown Parkway, Cordova, Memphis, Shelby County, Tennessee, 38018, USA
  • Year of Construction – N/A
  • Lease Type – Net Lease
  • Lease Expiration – 10 years 0 month
  • Property Size – 9106 sq.ft.

Details

Updated on April 16, 2020 at 7:13 am
  • Price: $1,912,000
  • Property Size: 9106 sqft
  • Property Type: Shopping Centers
  • Property Status: Available
  • Cap Rate: 5.85%
  • Lease Expiration: 10 years 0 months
  • NOI: $111,846
  • Tenant: Single Tenant Net Lease
  • Address 932, North Germantown Parkway, Cordova, Memphis, Shelby County, Tennessee, 38018, United States of America
  • City Memphis
  • State/county Shelby County
  • Zip/Postal Code 38018

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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