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O'Reilly Auto Parts

$2,800,000

1204 Federal Road, Houston, TX 77015

Active
Last Updated: 08/04/2025

5

Cap Rate

140,000

NOI

Details:
Cap Rate:    5%
NOI:    $140,000
Building Size:    8,256 sqft
Lot Area:    0.86 sqft
Lease Type:    Absolute Net
Tenancy:    Single
Parking Spots:    42
Highlights:
  • Brand-new 1 5-year absolute net lease extension
  • 9% rental increases every 5 years providing a hedge against inflation
  • Corporate lease backed by investment grade tenant
  • Replaceable rent – $16/SF
  • Longstanding operating history – 36 years at this location
  • Top 15% O’Reilly location nationwide in terms of annual visits (per Placer.ai)
  • Tax-free state
  • Adjacent to Interstate 10 – one of the most traveled East/West interstates in TX (152,000+ VPD)
Description:

A corporate O’Reilly lease with a brand-new 15-year term featuring 9% rental increases every 5 years and an absolute net lease structure requiring zero landlord maintenance or expense obligations. Tenant has been operating at this location for 36 years and is ranked in the top 15% of O’Reilly locations nationwide in terms of annual visits (per Placer.ai).

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