Long Term Investment Grade Lease- Growth Area
7,225 SF | Retail Building | Hickory, NC 28601 | $1,859,000 ($257/SF) | 5.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,859,000
- Property Type
-
Retail
- Square Feet
- 7,225 SF
- Price / Square Foot
- $257
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
Bryan Johnson
Verified Profile
- Property Info
Property Overview
The SnyderCarlton Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant net leased asset that is fully occupied by O’Reilly Auto Parts (NASDAQ: ORLY) with over 15.5 lease years remaining. Located in Hickory, NC, the property comprises a ~7,225 SF building on a 0.82-acre lot and is positioned as an outparcel to the grocery anchored shopping center, Bethlehem Village Shopping Center. The property benefits from easy access and good visibility along State Route 127 as well as being the primary daily needs retail destination serving the surrounding community. This is an excellent opportunity to own an investment grade credit tenant (NASDAQ: ORLY – rated “BBB+” by S&P) with over 15.5 years of lease term remaining, 10% rental increases every 5 years and minimal landlord management responsibilities.
Property Details
- Class
- B
- Year Built
- 2018
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related
Highlights
- STNL Investment – Investment Grade Credit Tenant – Long Term Lease Remaining
- O’Reilly Auto Parts (NASDAQ: ORLY) - Rated “BBB+” by S&P
- Corporate Credit Tenant - Rental Increases Throughout the Remaining term & Options
- Over 15.5 Lease Years Remaining - 4, 5 Year Options
- Outparcel to a Lowes Foods Grocery Anchored Shopping Center (“Bethlehem Village Shopping Center”)
- Hickory, NC - Regional Hub for 365,000+ People - An Hour from Charlotte & Asheville
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].