DEALS

Deals

O’Reilly Auto Parts – Savannah, GA

THE OPPORTUNITY

  • 20 Year Initial Term through 12/31/2039
  • Net Lease structure with minimal Landlord Responsibilities:
  • Roof, Structure
  • 20 Year Roof Warranty; coverage for entirety of initial term
  • Two rent increases throughout the initial term, providing inflation protection
  • Corporate Guarantee
  • Essential auto parts retailer with nearly 6,000 locations nationwide
  • Four, 5-year options with 6% rent escalations at each new term​​

THE HIGHLIGHTS

  • Excellent trade area adjacent to new Walmart Neighborhood Market and nearby major retailers Lowe’s, Hobby Lobby, Publix, and Home Depot
  • Centrally located to several neighborhoods and multifamily developments
  • 2022 Population
  • 1 Mile – 11,214
  • 3 Mile – 44,759
  • Proximity to Abercorn St (41,000 VPD), a major Savannah thoroughfare 
  • Site benefits from visibility at signalized intersection of White Bluff Rd and Wilshire Blvd, which sees 25,000 VPD
  • Port of Savannah one of the largest and fastest-growing in the country​​

THE DEAL POINTS

  • Cap Rate: 5.00%
  • Price: $2,029,360
  • Year Built: 2020
  • NOI: $101,468
  • Occupancy: 100%
  • Square Footage: 7,225 SF

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