O'Reilly Auto Parts for Sale in Detroit, MI
Detroit, MI
Key Investment Metrics
Price
$2,104,000
Cap Rate
6.8%
Net Operating Income
$144,140
Building Size
9920 SF
Land Area
0.61 Acres
Remaining Term
4.3 years
Lease Expiration
10/30/2030
Lease Term
5.0 years
Lease Commencement
10/31/2025
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
Option rent: November 01, 2030 - October 31, 2035 $160,884/Year; November 01, 2035 - October 31, 204
Property overview
O'Reilly Auto Parts in Detroit
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,920 SF
- Land area
- 0.61 acres
- Year built
- 2003
- Lease type
- NN
- Lease expiration
- 10/30/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.