Overview

Description

RDO Investments is pleased to present 304 East Walker Street, a 6,500 square foot freestanding O’Reilly Auto Parts located in the heart of Orland, California.
 
The investment provides the rare opportunity to acquire a RARE NNN, fee simple interest in a class “A” O’Reilly Auto Parts retail location. The building was constructed in 2007 and has an upgraded block construction. The site is located off of Walker Street, the main retail thoroughfare which runs east/west throughout Orland. There are over 8,900 vehicles which pass in front of the site each day. Interstate 5 is located just west of the site with an estimated 29,000 vehicles per day and is the main highway connecting Seattle Washington to San Diego, California. The property has excellent ingress and egress from both Walker Street and Papst Avenue through shares access from the neighboring free standing Round Table Pizza.

CSK Auto which was acquired by O'Reilly Auto Parts signed a 15 year NNN lease in 2007. The Tenant recently extended early to a NEW 10 YEAR LEASE which expires in April 2034. The lease has one 5% increase in Year 6 with an additional 5% increase in the option period.. The NNN lease has Landlord responsible for Slab and Walls ONLY; which is extremely rare in O’Reilly Leases. Area retailers include Round Table Pizza, State Farm, SAV MOR Foods, T Mobile, US Bank, Cricket, Stop & Shop, and Pap Murphy's.

Highlights

• Brand New 10 Year Early Extension
• 5% Rental Increases every 5 years
• Rare NNN Lease
• All Block Construction
• Investment Grade Tenant
• Successful location with over 17 years of operating history

Documents

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