O'Reilly Auto Parts

Expired Retail-Commercial for Sale
Catylist Listing ID: 29967340
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,255 SF
Gross Land Area: 1.03 Acres
Sale Price: $2,118,400
Unit Price: $291.99 PSF
Property Use Type: Vacant/Owner-User
Building Name: O'Reilly Auto Parts
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 7/25/2017
Last Updated: 7/25/2017

Overview / Comments

This O'Reilly store was built in 2013, with a lease commencement in January 2013 on an initial 20 year term. This is a standard NN lease structure under ORLY where the landlord is responsible for roof and structure, where roof is under warranty. There are (3) Five-Year options with 5% increases at each option. Assumable mortgage in place w/ only a 0.25% assumption fee!

Attachments & Media

Additional Details

Nearest MSA: Lakeland-Winter Haven
County: Polk
Tax ID/APN: 232724000000043003
Property Located Between: US 98 / W. Daughtrey Rd.
Area Description: This O'Reilly's is located directly on US 98 in Lakeland, FL directly across from the Wal-Mart Supercenter. The annual average daily traffic count of 37,308 cars per day passing this location ensure a steady flow of customers. This is a strong retail corridor with solid surrounding residential demographics.
Tenancy: Single Tenant
Number of Stories: 1
Year Built: 2013

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,293 56,096 105,432
Median Age: 47.11 41.95 40.01
Households: 4,543 22,040 40,030

Contact

Photograph of Listing Agent

Ricardo Ruiz del Vizo

KW Sarasota Metro
Not a member of MFCRE
Photograph of Listing Agent

Brett Kaplan

OPTIMUS COMM. R.E. INV ADVISOR
MFCRE Member
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