O’Reilly Auto Parts

By February 16, 2016Available Properties

Investment Offering – $1,957,960

Location: 23830 FM 1314, Porter, TX

Current Rent: $102,793 Cap Rate: 5.25%
Lease Term: 20 Remaining Term: 20
Lease Type: NN Building Sq. Ft.: 7,200
Renewal Options: 4, Five Year Options

PROPERTY HIGHLIGHTS

Long Term Lease: New twenty (20) year built to suit lease. Expected completion date is September 2016.

Rental Escalations: Four (4), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.

Strategic Location: The subject property is centrally located with access to the city’s main corridor. The site has excellent visibility and traffic counts of over 20,000 VPD on FM 1314. The site is approximately 25 Miles from Downtown Houston Easily accessible via Highway 59, which as daily traffic counts in excess of 115,000.

 Active Retail Area: Surrounding retail tenants include: CVS, Sonic, McDonalds, Burger King, Family Dollar, IHOP, Pizza Hut and Stripes. Just West of City’s Main Retail Hub. Over 750,000 square feet of retail within a 1.5-mile radius.

 Strong Guarantor: As of December 31, 2015, O’Reilly Automotive, Inc. had revenues of $7.9 billion, a net income of $913 million and a net worth in excess of $1.9 billion. The company currently maintains an investment grade S&P rating of BBB+.

CONTACT US

PAUL TRUPIA III
P: 646.791.0818
paul@kentwoodcapital.com

ED BRESLIN
P: 310.774.3790
ebreslin@kentwoodcapital.com