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Freestanding Retail | O'Reilly Auto Parts 7933 Watt Ave

7,009 SF Retail Building Antelope, CA 95843 £2,485,350 (£355/SF) 4.18% Net Initial Yield

Investment Highlights

  • Long Term National Credit Tenant
  • Shadow-Anchored by a Walmart Superstore Center
  • Corporate Guarantee
  • Excellent Visibility

Executive Summary

7933 Watt Avenue is a one-story, single-tenant freestanding retail asset with 265 Feet of frontage along Elverta Road. It’s currently leased to O’Reilly Auto Parts. The building, constructed in 2003, is 7,009 SF and is situated in a Walmart Superstore Center with ample parking and easy customer access.
This is an excellent opportunity for Investors to acquire a property with a nationally known credit tenant on an NNN lease. This specific O’Reilly Auto Parts has been at this location since 2002 and recently signed an extension through 2028 with renewal options available. The lease has rental increases every five years, enabling the Owner / Lessor to benefit from increased and predictable cash flow.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,009 SF
Building Class
B
Year Built
2003
Price
£2,485,350
Price Per SF
£355
Net Initial Yield
4.18%
NOI
£103,922
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
0.99 AC
Zoning
SC
Frontage
265 ft on Watt Ave

Amenities

  • Corner Lot
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
203-2070-001
Land Assessment
£300,282
Improvements Assessment
£840,242
Total Assessment
£1,140,524
  • Listing ID: 33077296

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 7933 Watt Ave, Antelope, CA 95843

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