O'Reilly Auto Parts - Net Lease Property for Sale
Sterling Heights, MI
Key Investment Metrics
Price
$1,805,000
Cap Rate
7.5%
Net Operating Income
$135,340
Building Size
10000 SF
Lot Size
10,000 SF
Land Area
1.87 Acres
Remaining Term
2.4 years
Lease Expiration
11/29/2028
Lease Term
5.0 years
Lease Commencement
11/30/2023
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
Five percent (5%) rental rate increases in each of the three (3) remaining option periods. Option Re
About This O'Reilly Auto Parts Net Lease Property
This O'Reilly Auto Parts NNN (triple net lease) property is located in Sterling Heights, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 10000 square feet of building space and was built in 1995.
With a cap rate of 7.5%, this O'Reilly Auto Parts net lease property offers stable income potential. The asking price is $1,805,000, making it an attractive option for 1031 exchange investors seeking quality O'Reilly Auto Parts commercial properties.
Why Invest in O'Reilly Auto Parts NNN Properties?
- Stable Income: O'Reilly Auto Parts net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: O'Reilly Auto Parts is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Sterling Heights, MI Market Overview
Located in Sterling Heights, MI, this O'Reilly Auto Parts property benefits from strong local demographics and market fundamentals. The Sterling Heights area offers excellent visibility and accessibility, making it an ideal location for O'Reilly Auto Parts operations and a solid investment for net lease property buyers.