O'Reilly Auto Parts 330 Plymouth St 7,340 SF Retail Building Halifax, MA 02338 £1,611,184 (£219.51/SF) 5.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- CORPORATE O’REILLY AUTO PARTS LOCATION | INVESTMENT GRADE CREDIT S&P: BBB | 6,378 LOCATIONS NATIONWIDE / $17.4-17.7 BILLION IN 2024 REVENUE
- HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG ROUTE 106 / PLYMOUTH STREET 15,703 VPD
- 0.5 MILES TO THE SOUTH SHORE OF THE MONPONSETT PONDS
- NEWER CONSTRUCTION | 10.9 YEARS REMAINING | 6.00% RENTAL INCREASES EVERY 5 YEARS STARTING IN YEAR 11 | NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES
- 1,000 FEET FROM THE ROUTE 106 / ROUTE 58 INTERSECTION (25,700 VPD) THE BUSIEST INTERSECTION IN HALIFAX, MA
EXECUTIVE SUMMARY
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased O’Reilly Auto Parts in Halifax, MA.
NN Lease Structure
10.9 Years Lease Term Remaining
Fee Simple Ownership Interest
NN Lease Structure
10.9 Years Lease Term Remaining
Fee Simple Ownership Interest
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,340 SF
Building Class
C
Year Built
2020
Price
£1,611,184
Price Per SF
£219.51
Net Initial Yield
5.75%
NOI
£92,643
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
0.99 AC
Parking
34 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
164 ft on Plymouth Street
PROPERTY TAXES
| Parcel Number | HALI-000063-000000-000030 | Improvements Assessment | £760,640 |
| Land Assessment | £250,097 | Total Assessment | £1,010,736 |
