O'Reilly Auto Parts | 6.00% CAP | 13.5 Years
7,225 SF | Retail Building | Brookville, OH 45309 | $1,760,000 ($244/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,760,000
- Property Type
-
Retail
- Square Feet
- 7,225 SF
- Price / Square Foot
- $244
Listing Contacts
Tyler Bindi
Verified Profile
Jason Fefer
Verified Profile
Robert Narchi
Verified Profile
Erica Binns
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is pleased to present the opportunity to acquire a premier property situated along N Wolf Creek Street, a key thoroughfare in the rapidly growing city of Brookville. This location benefits from close proximity to Interstate-70, a major U.S. highway connecting ten states, enhancing regional accessibility. Brookville, located just 15 miles northwest of Dayton, is part of the vibrant Dayton Metropolitan Statistical Area, which boasts a population of over 800,000 and is celebrated for its rich history, economic vitality, and diverse cultural offerings. The surrounding area is well-served by major retailers including IGA Grocery, Rite Aid, Dollar Tree, and popular dining options such as Subway, Pizza Hut, and Waffle House.
The property features a NN lease with over 13.5 years remaining on the term, with scheduled rent increases at year 10 and every 5 years thereafter. Anchored by O'Reilly Auto Parts, a leading American retailer in automotive parts, tools, and accessories, the lease is backed by a corporate guaranty from a company with a strong financial profile, including a BBB+ S&P rating and a Baa1 Moody's rating. O'Reilly Auto Parts, recently ranked No. 268 on the Fortune 500 list, operates over 6,100 stores across the U.S., Mexico, and Canada. The newly built-to-suit facility highlights the tenant’s commitment to the location, increasing the likelihood of lease extension and continued occupancy.
The property features a NN lease with over 13.5 years remaining on the term, with scheduled rent increases at year 10 and every 5 years thereafter. Anchored by O'Reilly Auto Parts, a leading American retailer in automotive parts, tools, and accessories, the lease is backed by a corporate guaranty from a company with a strong financial profile, including a BBB+ S&P rating and a Baa1 Moody's rating. O'Reilly Auto Parts, recently ranked No. 268 on the Fortune 500 list, operates over 6,100 stores across the U.S., Mexico, and Canada. The newly built-to-suit facility highlights the tenant’s commitment to the location, increasing the likelihood of lease extension and continued occupancy.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront, Vehicle Related
- Lot Size (sq. ft)
- 38,333 SF
Highlights
- NN Lease with 13.5+ Years left on the Term | Increase at Year 10 and Every 5 Years in Option Periods
- Part of Dayton MSA (800,000+ Population) – Vibrant Region
- Surrounded By Major Retailers Including: IGA Grocery, Rite Aid, Dollar Tree, Subway, Pizza Hut, Advanced Auto Parts, Holiday Inn Suites, Waffle House
- Corporate Guaranty by O’Reilly Auto Parts [ORLY (NASDAQ), $15.8B in 2023]
- New Built-To-Suit Building for the Current Tenant Increasing the Likelihood That They Will Exercise Their Options and Remain at This Location
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