O'Reilly Auto Parts at Dallas, NC 710 West Trade Street, Dallas, NC Cap Rate 5.35% Dallas ( North Carolina, US ) Built

$2,130,841 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 7,200 sq. ft.
  • Development Level: Built

Description

O'Reilly Auto Parts at Dallas, NC 710 West Trade Street, Dallas, NC Cap Rate 5.35%

Cap Rate: 5.35%
Building Size: 7,200 sqft
Lease Type: Triple Net
Roof, Structure & Parking Lot: Landlord's Responsibility
CAM, RE Taxes, Insurance, Interior, Non Structural Repairs & HVAC: Tenant’s Responsibility

DESCRIPTION
New Construction with July 1, 2020 Rent Commencement
Freestanding Upgraded Architectural Block Construction O’Reilly Auto Parts
Modified NNN with Limited Landlord Responsibilities and Corporate Backed Lease
Concrete Parking Lot located on .87 acres
6% Rental Increase in Year 11 and Each Option
17,000 + Vehicles Per Day on Trade Street
Attractive Low Rent PSF at $15.83
Adjacent from Ingles Grocery and next to New 7-Eleven Development
S&P Investment Grade Credit Rating (BBB Stable)
Strong Covid-19 Performance Proving Strength as a Dominate Retailer in the Auto Parts Sector
Located in Suburb of Booming Charlotte, NC
Ideal Auto Parts Demographics
61,000 + Residents with Average HHI of $52k + within 5 miles
Strategic Highway Exit Location, Great for Future Use if Necessary
Approx. 28 miles from Charlotte, NC

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.