O'Reilly Auto Parts for Sale in South Bend, IN
South Bend, IN
Key Investment Metrics
Price
$990,000
Cap Rate
6.0%
Net Operating Income
$59,400
Building Size
6480 SF
Land Area
0.96 Acres
Remaining Term
9 years
Lease Expiration
06/30/2035
Lease Term
28 years
Lease Commencement
07/01/2007
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
O'Reilly Auto Parts in South Bend
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 6,480 SF
- Land area
- 0.96 acres
- Year built
- 1995
- Lease type
- NN+
- Lease expiration
- 06/30/2035
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.