• Broker Andrew Klontz 4154810377
  • Broker David Kram 4155096276

O'Reilly Auto Parts 1204 Federal Rd 8,600 SF 100% Leased Retail Building Houston, TX 77015 £1,558,785 (£181.25/SF) 5.65% Net Initial Yield

View Photo

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease
  • The majority of available O’Reilly Auto Parts properties are NN with a 6% rent increase in Year 11
  • Defendable annual rent of $13.59/SF
  • 2% annual rent increases (5.90% blended cap rate over remaining term)
  • Ranked in the 86th percentile nationwide & 84th percentile in Texas for visits over the past 12 months
  • Ideal demographics: 78,718 residents within 3-miles with $58,762 Average Household Incomes

EXECUTIVE SUMMARY

Extremely Rare Absolute NNN Lease With 2% Annual Rent Increases

ATTACHMENTS

O'ReillyAutoParts_HoustonTX

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,600 SF
Building Class
C
Year Built
1988
Price
£1,558,785
Price Per SF
£181.25
Net Initial Yield
5.65%
NOI
£88,065
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
0.86 AC
Zoning
n/a
Walk Score®
Very Walkable (77)

NEARBY MAJOR RETAILERS

Bank of America
Pappas Bar-B-Q
Checkers
Pappadeaux Seafood Kitchen
Amegy Bank
Comerica
Hancock Whitney Bank
Jason's Deli
Camp Transformation Center
Saltgrass Steak House

PROPERTY TAXES

Parcel Number 0690390000111 Improvements Assessment £484,630
Land Assessment £169,009 Total Assessment £653,639

MAP

ADDITIONAL PHOTOS

View Photo 1204-Federal-Rd-Houston-TX-27
View Photo 1204-Federal-Rd-Houston-TX-25
View Photo 1204-Federal-Rd-Houston-TX-17

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