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923 S Avenue GClifton, TX 76634
O'Reilly
Asset ClassRetail
Deal Size$2.06 M
Cap Rate: 5.75%Lease-Term Remaining: 10 YearsSquare Feet: 7,225Access Data Room
LONG-TERM NNN LEASE WITH RENT GROWTH
overview of deal

Overview

  • Price: $2,065,000
  • Cap Rate: 5.75%
  • NOI: $118,754
  • Lease Type: Double Net (NN)
  • Lease Term Remaining: 10 Yrs at COE
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Investment Highlights

• Long-Term NNN Lease with Rent Growth – Just over 10 years remaining on the NNN lease with attractive 6% rent increases every five years and five (5) additional 5-year renewal options, providing long-term income stability and built-in rental growth.

 

• Corporate Guaranteed & Investment Grade Tenant – The lease is corporately guaranteed by O'Reilly Auto Parts, an investment-grade tenant with strong national credit and a proven operating history across thousands of locations nationwide.

 

• Recession-Resistant Retailer – O'Reilly Auto Parts operates within the highly defensive automotive aftermarket sector, which has historically demonstrated strong performance through varying economic cycles due to consistent vehicle maintenance demand.

 

• Passive Investment Structure – The Property is secured by a NNN lease structure, minimizing landlord responsibilities and providing investors with a passive ownership opportunity backed by a nationally recognized retailer.

 

• Strong Traffic Exposure – Strategically positioned along N Avenue G with exposure to more than 9,500 vehicles per day, the Property benefits from excellent visibility, accessibility, and consistent consumer traffic within the Clifton trade area.

 

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923 S Avenue GClifton, TX 76634

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Tim SpeckTX Broker of Record

License #: 9002994

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