O'Reilly Auto Parts - Frankston, Texas 300 Pine Street, Frankston, TX Cap Rate 5.25% Frankston ( Texas, US ) Built

$1,500,000 USD

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 7,225 sq. ft.
  • Development Level: Built
  • Lot Size: 1.39 acres
  • Year Built: 2021

Description

O'Reilly Auto Parts - Frankston, Texas 300 Pine Street, Frankston, TX Cap Rate 5.25%

Pleased to offer a brand-new corporate O’Reilly Auto Parts ground lease in Frankston, Texas, about 30 miles southwest of Tyler.​ The newly constructed building (January 2021) is just off the intersection of US Highway 175 and State Highway 155, the town’s primary intersection.​ The building is O’Reilly’s prototype (7,225 square feet) and sits on a 1.4-acre tract of land.​ It has excellent visibility from the highway intersection with easy access from all directions into town.​

Cap Rate 5.25%
NOI$ 112,307
Building Size 7,225 sqft
Lot Area 1.39 acres
Occupancy 100%
Lease Type Double Net

Pleased to offer a brand-new corporate O’Reilly Auto Parts ground lease in Frankston, Texas, about 30 miles southwest of Tyler.​ The newly constructed building (January 2021) is just off the intersection of US Highway 175 and State Highway 155, the town’s primary intersection.​ The building is O’Reilly’s prototype (7,225 square feet) and sits on a 1.4-acre tract of land.​ It has excellent visibility from the highway
intersection with easy access from all directions into town.​

O'Reilly Auto Parts was founded in 1957 in Springfield, Missouri, and has transformed into one of the largest aftermarket auto part suppliers in the world.​ They operate over 5,590 stores in 47 states and have an additional 21 locations in Mexico.​ The company is part of the NASDAQ under the ticker: ORLY.​ The company continues to perform well and has grown 80% in just the last 5 years, and by over 700% in the last 10 years.​ As of Q3 2020, the company has a market cap in excess of $32 billion, annualized revenue of over $11 billion, and EBITDA of $2.63 billion.​ Additionally, the company has a strong corporate debt rating of BBB+ and Baa1 for S&P and Moody's respectively.​

O’Reilly commenced rent on January 1, 2021.​ The 15-year NNN lease commences at a healthy $15.54 per square foot and includes a 6% rental increase in Year 11.​ There are five, 5-year options with 6% rental increases in each.​ The asset presents a strong long-term investment for any buyer looking for a stable, passive cash flow from a strong corporate tenant.​

HIGHLIGHTS

• New Construction
• 15-Year Corporate Lease
• Strong Credit

Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#436643484
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Information is deemed to be correct but not guaranteed.