o`reilly auto parts

AVAILABLE: New Construction
O’REILLY AUTO PARTS
Harrisonburg, VA
Charlottesville area, Rockingham County
*Actual location is not shown
PURCHASE PRICE: $1,872,800
CAP RATE: 5.75%
PROPERTY HIGHLIGHTS
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Free Standing, New Construction O’Reilly Auto
Parts Store
20 Year NN Corporate Backed Lease with 6%
Rent Increases in Year 11 and in Options
In Close Proximity of James Madison University
Universal Building Type for Flexible Future
Use and Applications
Twenty (20) Year Manufacture Warranty on
Roof & Structure
Located along Harrisonburg’s most active
corridor
1-Mile
3-Mile
5-Mile
Total Population:
16,383
55,774
69,173
Total Households:
4,866
18,527
23,629
$37,592
$37,831
$42,523
Median HH Income:
* The above information has been secured by sources deemed to be reliable, SWE Realty, LLC makes no representations or warranties expressed or implied as to the
accuracy of the above information. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject
to verification and no liability for errors or omissions are assumed. This property is listed in conjunction with Virginia—licensed Downer & Associates.
SWE Realty, LLC
4151 Ashford Dunwoody Road
Suite 155
Atlanta, Georgia 30319
FOR MORE INFORMATION CONTACT:
Luke Waters
(404) 475-9000
[email protected]
O’REILLY AUTO PARTS
3081 South Main Street Harrisonburg, VA 22801
O’Reilly Auto Parts — 20 Year / NN LEASE
PURCHASE PRICE: $1,872,800
CAP RATE 5.75%
$107,686
($14.36 per building SF)
(7,500 SF building)
Annual Rent:
Initial Rent
Commencement:
December 14, 2035
Initial Lease
Term:
20-Year Net/Net
Rent Increases:
RE Taxes, Insurance, Utilities,
HVAC Preventative Maintenance,
Parking Lot Maintenance (NonCapital Expenditures)
Lessor
Responsibility:
Roof, Structure, Slab, HVAC
(Capital Expenditures), Exterior/
Underground Utility Lines & Capital Improvements to Parking Lot
December 15, 2015
(estimated for new construction)
Initial Lease
Expiration:
Renewal Options:
Tenant
Responsibility:
Three (3) / 5—Year Renewals
Lease
Guarantor:
O’Reilly Automotive, Inc.
Trade Symbol: ORLY—NASDQ
S&P Rating: “BBB”
6% in Year 11 and 6% in Each
Option Term
Pending
Development
* The above information has been secured by sources deemed to be reliable, SWE Realty, LLC makes no representations or warranties expressed or implied as to the
accuracy of the above information. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject
to verification and no liability for errors or omissions are assumed. This property is listed in conjunction with Virginia—licensed Downer & Associates.
SWE Realty, LLC
4151 Ashford Dunwoody Road
Suite 155
Atlanta, Georgia 30319
FOR MORE INFORMATION CONTACT:
Luke Waters
(404) 475-9000
[email protected]
O’REILLY AUTO PARTS
3081 South Main Street Harrisonburg, VA 22801
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Cuts off all major competition from residents exiting city
Pending
Development
* The above information has been secured by sources deemed to be reliable, SWE Realty, LLC makes no representations or warranties expressed or implied as to the
accuracy of the above information. Purchaser must verify the accuracy of the above information and bears all risks for any inaccuracies. Above information is subject
to verification and no liability for errors or omissions are assumed. This property is listed in conjunction with Virginia—licensed Downer & Associates.
SWE Realty, LLC
4151 Ashford Dunwoody Road
Suite 155
Atlanta, Georgia 30319
FOR MORE INFORMATION CONTACT:
Luke Waters
(404) 475-9000
[email protected]