O'Reilly Auto Parts Anchored Center | 163 South St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
O'Reilly Auto Parts Anchored Center 163 South St
13,760 SF 100% Leased Retail Building Pittsfield, MA 01201 £2,794,814 (£203/SF) 6.23% Net Initial Yield
Investment Highlights
- CORPORATE LEASE GUARANTY FROM O’REILLY AP (OCCUPIES 73% OF GLA) | STRONG INVESTMENT GRADE CREDIT (S&P: BBB) & PUBLICLY TRADED CO. (NASDAQ: ORLY)
- PRISTINE PROPERTY CONDITION | NO FUTURE DEFERRED MAINTENANCE | NEW ROOF (TRANSFERABLE WARRANTY), FACADE, PARKING LOT, & HVAC UNITS | IN-PLACE MGT
- LIMITED COMPETITION FOR O’REILLY – PULLS BUSINESS FROM ENTIRE SOUTHERN PORTION OF TRADE AREA
- NEW 15 YEAR NNN LEASE WITH O’REILLY | DESIRABLE MULTI-TENANT RETAIL INVESTMENT PLATFORM - HEDGES INCOME STREAM IN RARE EVENT OF A VACANCY
- STRATEGIC PROPERTY LOCATION FOR TENANTS O’REILLY & BERKSHIRE MEDICAL | LESS THAN 1 MILE FROM BERKSHIRE MEDICAL CENTER (302 BEDS)
- PITTSFIELD, MASSACHUSETTS – LOCATED IN THE HEART OF THE BERKSHIRE MOUNTAINS | LARGEST CITY IN BERKSHIRE COUNTY & BERKSHIRE MOUNTAINS
Executive Summary
We are pleased to present the Fee Simple interest in the O’Reilly Auto Parts (S&P: BBB) anchored 3 tenant Strip Center Investment located in Pittsfield, MA. O’Reilly Auto signed a new 15-year lease that commenced in January 2024. This is a strategic location for O’Reilly as they are able to pull business form the entire southern portion of the trade area, while being located in the downtown Pittsfield area. The Landlord has also just completed new roof, new façade, and new parking lot, virtually zero deferred maintenance. Desirable Multi-Tenant retail investment, that hedges income against any future vacancy risk, with passive net leases.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,760 SF
Building Class
B
Year Built/Renovated
1993/2024
Price
£2,794,814
Price Per SF
£203
Net Initial Yield
6.23%
NOI
£174,047
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.35
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
BG
Parking
66 Spaces (4.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Monument Signage
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | PITT-000008H-000007-000001 | Improvements Assessment | £526,378 |
| Land Assessment | £152,509 | Total Assessment | £678,886 |
PROPERTY TAXES
Parcel Number
PITT-000008H-000007-000001
Land Assessment
£152,509
Improvements Assessment
£526,378
Total Assessment
£678,886
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
O'Reilly Auto Parts Anchored Center | 163 South St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.