Daytona Beach, FL - O'Reilly Auto Parts

Description:

• The newly established lease spans 15-years and includes 4 (5-year) options to extend, demonstrating their commitment to this location
• The lease features a 6% rental increase starting lease year 11 and at the beginning of each option period thereafter
• The lease features a corporate signature by O’Reilly Automotive Stores, Inc., an investment-grade corporation with a credit rating of (S&P: BBB), ensuring stability and reliability

• Positioned directly off I-95, the property benefits from a high traffic volume of 85,500 VPD on average, while also enjoying prominent frontage along LPGA Blvd with a traffic flow of 36,000 VPD on average
• Positioned across from Latitude Landings, a Publix anchored center that also serves as a gateway to the Latitude Margaritaville Community
• The assets additionally benefits from multiple points of access, including two signalized intersections
• The Greater Daytona region, a vibrant economic hub, gained over 35,000 jobs from 2010 to 2019, and is set to grow by 1,456 jobs in the upcoming year
• Tymber Creek Village is a new 46.10 AC mixed use development that will feature tenants such as McDonald’s, Starbucks, 7-Eleven, Chase Bank and more
• The mixed use development presents anchor, junior anchore and small shop space
• Latitude Margaritaville Community is the 25th top selling master planned community in the country with 3,350 homes under construction and 1,200 sold to date