Investment Offering – $1,059,200
Location: 400 N Main St, Andrews TX 79714
|Current Rent: $63,552||Cap Rate: 6%|
|Lease Term: 20||Remaining Term: 16|
|Lease Type: NN||Building Sq. Ft.: 6,000|
|Renewal Options: Three (3), Five (5) year options|
- The property is 100% leased to O’Reilly Automotive Stores, Inc.
- Long term twenty (20) year lease with sixteen (16) years remaining on the base lease term.
- Three (3), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.
- The subject property is centrally located with access to the city’s main corridor. The site has excellent access, visibility and traffic counts of 9,000 VPD on Main Street retail tenants include: Bealls, Subway, Dollar General, Napa Auto parts, Family Dollar, AutoZone, Dairy Queen, Sonic, Pizza Hut and McDonalds.
- As of December 31, 2015, O’Reilly Automotive, Inc. had revenues of $7.96 billion, a net income of $916 million and a net worth in excess of $1.9 billion. The company currently maintains an investment grade S&P rating of BBB+.