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O'REILLY AUTO PARTS (NASDAQ: ORLY) 1339 Hooksett Rd

7,280 SF Retail Building Hooksett, NH 03106 £1,984,772 (£273/SF) 5.85% Net Initial Yield

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Investment Highlights

Long Term Corporate Lease Featuring a 6% Rental Increase in 2029 and at Each Option. 2019 High Quality Construction.
Affluent Area: Features an Average Household Income of more than $115k within a 3-Mile Radius.
The Overall Company is Ranked #287 on Fortune 500 List & Features a S&P Investment Grade Credit Rating of “BBB” with an Annual Revenue of 14.40 B.

Positioned Along Area’s Retail, Industrial & Traffic Corridor - Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 30k Vehicles.
In Close Proximity to Numerous National Retailers including Target, Home Depot, Walmart Supercenter, Bass Pro Shops, Tractor Supply, Walgreens, etc
The Site Benefits from its Close Proximity to Downtown Manchester, NH and Boston, MA - Home to a Variety of Museums, Theaters, Music Venues, etc

Executive Summary

Long Term Lease | Investment Grade Credit: S&P “BBB” | Tax Free State | Affluent Area: $115k+ Average HHI | Minutes from University and Downtown Manchester
New Hampshire Broker of Record: Thomas Shihadeh | 100 High Street, Ste. 1025 Boston, MA 02110 Lic #: 077795 P: 0567250 | 617-896-7250 Thomas.Shihadeh@MarcusMilluchap.com

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

7,280 SF

Building Class

Year Built

2019

Price

£1,984,772

Price Per SF

£273

Net Initial Yield

5.85%

NOI

£116,109

Tenancy

Single

Number of Floors

Building FAR

0.12

Land Acres

1.34 AC

Zoning

COM

Parking

271 Spaces (37.23 Spaces per 1,000 SF Leased)

Frontage

447 ft on Hooksett Rd

Amenities

Pylon Sign

MAJOR TENANTS

Retailer
7,280 SF
-
Double Net
Oct 2034

O'Reilly Automotive intends to be the dominant supplier of auto parts in their market areas by offering their retail customers, professional installers, and jobbers the best combination of price and quality provided with the highest possible service level. In order to accomplish this mission, O'Reilly will provide a benefit and compensation plan that will attract and keep the kind of people that will enable the Company to reach its goals of growth and success.