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Spring Hill, FL - O'Reilly Auto Parts

$1,800,000

10590 Northcliffe Boulevard, Spring Hill, FL 34608

Active
Last Updated: 06/10/2025

6

Cap Rate

108,000

NOI

Details:
Cap Rate:    6%
NOI:    $108,000
Building Size:    7,201 sqft
Lot Area:    1.19 acres
Occupancy:    100%
Year Built:    2013
Zoning:    Commercial
Description:

• The tenant has 11 years remaining on their lease with 3 (5-year) options to extend
• The lease features a 6% rental increase in February 2026 and at the beginning of each option period
• O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States

• The asset is located off the signalized, hard corner intersection of Mariner Blvd and Northcliffe Blvd averaging a combined 55,000 VPD
• The site is in an infill trade area with several residential neighborhoods, providing a consumer base from which to draw
• Next to Mariner Commons, a Publix-anchored shopping center that features other national tenants such as Walgreens, McDonald’s, and more
• Pulte Group paid $13.35M for half of the 430-acres off Suncoast Parkway to begin work on a brand new community in Spring Hill; Pulte sees room for up to 696 home sites on the property. The community will be Del Webb River Reserve (click HERE for more information)
• The asset has excellent visibility and multiple points of ingress/egress

Map:
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Today's Available Mortgage Rates

1422 Main St, Catasauqua, Pennsylvania 18032

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 12/28/2024
Bank*Lender #818
5 Year Fixed
25 Year Amortization
Interest rate 6.1% 5 Year Fixed
Mo. Payment$5,171 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $0 Lender fees
Loan Amount $795,000 Loan Amount
Bank*Lender #818
7 Year Fixed
25 Year Amortization
Interest rate 6.37% 7 Year Fixed
Mo. Payment$5,203 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 52% LTV $0 Lender fees
Loan Amount $780,000 Loan Amount
Bank*Lender #1610
10 Year Fixed
25 Year Amortization
Interest rate 6.49% 10 Year Fixed
Mo. Payment$5,161 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $600 Lender fees
Loan Amount $765,000 Loan Amount
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