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O'Reilly Auto Parts 1616 Tappahanock Blvd

7,225 SF Retail Building Tappahannock, VA 22560 £1,572,744 (£218/SF) 5.90% Net Initial Yield

Investment Highlights

  • 16+ Years Remaining on NN+ with Minimal Landlord Responsibilities
  • Four (5) Year Option Periods With 6% Rental Increase on Year 11 & 16 and Option Periods
  • Tenants Sits on a Large 0.92 Acre Lot
  • Strong Corporate Guarantee From O’Reilly Auto Parts
  • Located Directly on Tappahannock Blvd Which Sees Over 44,050 VPD
  • Average Household Income is $63,125 Within a 5 Mile Radius

Executive Summary

Helios Investment Services is excited to offer for sale the O'Reilly Auto Parts store located at 1616 Tappahannock Blvd, Tappahannock, VA. This 7,225 SF property is leased to O'Reilly Auto Parts, a publicly traded Fortune 500 company (NASDAQ: ORLY) with a strong corporate guarantee and an investment-grade BBB credit rating from S&P. With over 15 years remaining on the lease, this NN+ property provides minimal landlord responsibilities, offering a secure, long-term investment with scheduled 6% rental increases at years 11, 16, and option periods.
This property is situated along Tappahannock Blvd, one of the busiest commercial corridors in Tappahannock, with over 44,050 vehicles passing by daily. The surrounding area is anchored by major retailers including Walmart Supercenter, Lowe's Home Improvement, and Food Lion, ensuring consistent customer traffic and strong market demand. Tappahannock is also the oldest town in Essex County, VA, providing a blend of historical charm and steady economic activity.

Attachments

OM-OR-Tappahannock-VA_Helios-1.29.24

Property Facts

Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,225 SF
Building Class
B
Year Built
2020
Price
£1,572,744
Price Per SF
£218
Net Initial Yield
5.90%
NOI
£92,792
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.92 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-2 - General Commerical
Parking
40 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
183 ft on Tappahannock Boulevard

Amenities

  • Drive Thru

Links

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1616 Tappahanock Blvd, Tappahannock, VA - aerial map view - Image1
1616 Tappahanock Blvd, Tappahannock, VA - aerial map view - Image2
1616 Tappahanock Blvd, Tappahannock, VA - aerial map view - Image3
(805) 889-7837

  • Listing ID: 30169751

  • Date on Market: 27/11/2023

  • Last Updated:

  • Address: 1616 Tappahanock Blvd, Tappahannock, VA 22560

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1616 Tappahanock Blvd, Tappahannock, VA for sale Primary Photo- Image 1 of 7
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1616 Tappahanock Blvd, Tappahannock, VA for sale Building Photo- Image 2 of 7
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1616 Tappahanock Blvd, Tappahannock, VA for sale Site Plan- Image 6 of 7
OAP - Tappahannock VA - site plan

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© 2024 CoStar Group

O'Reilly Auto Parts | 1616 Tappahanock Blvd
(805) 889-7837 x

O'Reilly Auto Parts | 1616 Tappahanock Blvd

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Kaveh Ebrahimi

(805) 889-7837

(805) 889-7837

Neeraj Kumar

(925) 640-4283

(925) 640-4283

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