Seminole, FL - O'Reilly

Description:

• Brand-new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• 2024 remodel featuring distinct design elements and state of the art materials selected specifically for O’Reilly Auto Parts
• The lease is corporate signed by O’Reilly Automotive, Inc.
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The roof was replaced in 2024 and has a 20-year warranty
• As of March 2024, the Company operated 6,217 stores in 48 U.S. states, Puerto Rico, Mexico, and Canada
• The tenant is paying below market rent at $14/SF

• The asset is located near the signalized, hard corner intersection of Starkey Road and Park Blvd averaging a combined 83,200 VPD
• The dense trade area has several surrounding retailers such as Lowe’s,
Sam’s Club, Walmart, Sprouts, and more
• The Publix just to the East ranks in the top 86% (7,218 out of 52,118) of all nationwide grocery stores according to Placer.ai
• There are several new developments underway in Largo such as Allora, a multi-phase apartment community on a 15.5-acre property at 800 8th Avenue Southeast on the corner of 8th Avenue SE and Donegan Road, a new city hall — part of the $81 million Horizon West Bay project — expected to be complete in early 2025, and more
• More than 251,000 residents and 116,000 employees support the trade area
• $124,418 average household income within a 1-mile radius
• 13 miles Northwest of Downtown St. Petersburg