DEALS

Deals

O’Reilly Auto Parts, Subway, Dominos – LaFeria, TX

THE OPPORTUNITY

  • O’Reilly Auto Parts anchored center with co-tenants Subway and Domino’s Pizza
  • 100% leased
  • Long-term tenancy with all tenants operating at this location for over 15 years
  • NNN lease structure allows CAM, Tax, and Insurance expenses to be passed through to tenants. Landlord responsible for Roof and Structure.
  • Necessity-based tenant mix provides stable flow of recurring traffic
  • Rent Growth: Scheduled annual rent increases and options; near-term Subway expiration offers ability to increase renewal rent.​​​

THE HIGHLIGHTS

  • Excellent visibility on corner lot with traffic counts of 12,000 VPD
  • Located along busy retail corridor just off Interstate 2 with major national need-based tenants in the immediate area
  • Multiple access points with three (3) points of ingress and egress and full access to property from both intersecting roads
  • Nearby middle school and high school supports a growing daytime population
  • 2022 Population:
  • 1 Mile – 6,200
  • 3 Mile – 15,583​​​

THE DEAL POINTS

  • Cap Rate: 5.50%
  • Price: $2,618,000
  • Year Built: 2005
  • NOI: $144,019
  • Occupancy: 100%
  • Square Footage: 10,400 SF

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