Deals
O’Reilly Auto Parts – Augusta, GA
THE OPPORTUNITY
- NN Lease
- Corporately guarantee
- 20 Year Initial Term through 1/31/2037
- Rare O’Reilly location on outparcel to Grocery anchored shopping center
- O’Reilly operates 5,800 plus locations
- Essential Retailer
- 6% Rent escalations in Year 11 & Year 16
- Landlord Responsibilities:
• Roof, Structure (further outline on page 6) - Four 5-year options
• 6% Rent escalations in every renewal
THE HIGHLIGHTS
- Property is located on the primary commercial corridor in the Augusta, GA market
- Strong traffic counts with over 35,400 cars daily
- Large commuter traffic numbers with Interstate 20 traffic counts at 76,000 cars daily
- Centrally located to the two largest counties in the Augusta MSA
- Close proximity to Interstate 20, 0.7 miles
- Located in affluent Augusta suburb with high average household income levels
• 3 Mile: $84,955
• 5 Mile: $93,583 - Constructed in 2017
- Located 4 miles from the Fort Gordon main entrance, home to 32,000+ Military, Contractor, Civilian personnel
- Located 9 miles from downtown Augusta
- Population within 5 miles is 124,489
- Augusta MSA is projected to grow by 2.3% over the next 3 years
- 36 total parking spaces
THE DEAL POINTS
- Square Feet: 7,225 SF
- Asking Cap Rate: 5.00%
- Asking Price: $2,040,000
- Year Built: 2017
- NOI: $102,000
- Lease Structure: NN