ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

O’Reilly Auto Parts – Lake Wales, FL – NN Lease

503 Hamlin Street
Sold

SOLD PRICE: $1,946,000
CAP RATE: 5.5%

  • Investment grade tenant with over 4,300 stores in 43 states and reported sales of $5.4 billion as of September 2014
  • New construction and twenty year lease with rent increases and options to extend
  • Prominent location along Rt. 60 with 22,500 cars ADT and near other national retailers including CVS, Wal-Mart and Walgreens
  • Florida has NO STATE INCOME TAX
  • There are no features available

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$1,963,500

7,225 square feet

Price:

$1,963,500

Cap Rate:

5.5%

Building Size:

7,225 square feet

SF Land Area:

1.59 acres

Current NOI:

$108,000

Lease Type:

NN

Remaining Term:

Twenty (20) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

919-391-9900

Download Offering Memorandum
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