Investment Offering – $1,431,000
400 East Central Avenue | Comanche, TX
|NOI: $80,157||Cap Rate: 5.60%|
|Lease Term: 15||Remaining Term: 15|
|Lease Type: NN||Building Sq. Ft.: 7,225|
|Renewal Options: Four (4), Five (5) Year Options|
- Brand New (15) Year lease with Fifteen (15) Years remaining on the base lease term.
- Four (4), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.
- The subject property is centrally located on one of the city’s main corridors.
- The site has excellent visibility and traffic counts of 11,514 VPD on East Central Avenue
- The property is 100% leased to O’Reilly Automotive Stores, Inc.
- As of December 31, 2018, O’Reilly Automotive, Inc. had revenues of $9.54 Billion, and operated 5,219 Stores in 47 States
- O’Reilly currently maintains an investment grade S&P rating of BBB and a Baa1 from Moody’s