Investment Offering – $1,232,574
230 U.S. Highway 84 W | Fairfield, TX 75840
|NOI: $69,660||Cap Rate: 5.65%|
|Lease Term: 20||Remaining Term: 18.5|
|Lease Type: NN||Building Sq. Ft.: 6,800|
|Renewal Options: Four (4), Five (5) Year Options|
- The property is 100% leased to O’Reilly Automotive Enterprises, LLC, a wholly owned subsidiary of O’Reilly Automotive, Inc. (NYSE: ORLY), which has a current credit rating of BBB+ by S&P.
- Long term twenty (20) year lease with eighteen and a half (18.5) 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 with access to the city’s main corridor. The site has excellent access, visibility and approximate traffic counts of 10,000 VPD on Highway 84. Retail tenants in the area include: Brookshire Brothers, Chrysler Dodge Jeep RAM, McDonald’s, Dairy Queen, Sonic, Jack in the Box, Dollar General, Fred’s Pharmacy, Napa Auto Parts, and numerous hotels including Holiday Inn, Days Inn, La Quinta and Super 8.
- Strong Guarantor: As of December 31, 2016, O’Reilly Automotive, Inc. had 4,934 stores nationwide with revenues of $8.59 billion, a net income of over $1 billion and a market cap in excess of $21 billion. The company currently maintains an investment grade S&P rating of BBB+.