1551 Muldoon Rd, Anchorage, AK 99504
7,012 SF | Retail Building | Anchorage, AK 99504 | $2,056,000 ($293/SF) | 7% Cap Rate
Asking Price $2,056,000
- Property Type
-
Retail
- Square Feet
- 7,012 SF
- Price / Square Foot
- $293
Listing Contacts
Britt Raymond
Kyle Fant
Matthew Mousavi
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, investment grade (S&P: BBB), corporate guaranteed (NASDAQ: ORLY) O’Reilly Auto Parts investment property located in Anchorage, Alaska. The tenant, O’Reilly Automotive Stores, Inc., has occupied the site for 24+ years and has over 3-years remaining on its lease with 3 (5-year) options to extend. The lease features 8% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1957, O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories, with over 6,200 locations.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Freestanding, Vehicle Related
- Lot Size (sq. ft)
- 30,492 SF
Highlights
- Over 3 years of lease remaining with 3 (5-years) options to extend | Corporate Guaranteed | Options To Extend | Investment Grade
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Performance (100k+ Visits) | Excellent Visibility & Access | Near Tikahtnu Commons (6.8M+ Visits) | Direct Consumer Base
- Nearby Elmendorf Air Force Base (10,000 personnel on site) and the University of Alaska Anchorage (10,000 students)
- Ranks 88th percentile in PlacerAi ranking among brand locations with 100k annual visits
- Excellently visible and access at the hard corner intersection of Muldoon Road and E.16th Avenue
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