O'Reilly Auto Parts at Dallas, NC

$2,130,841

710 West Trade Street, Dallas, NC 28034

For Sale

Retail Free Standing

Active

Last Updated: 07/20/2021

Details:

Cap Rate: 5.35%

Building Size: 7,200 sqft

Lease Type: Triple Net

Roof, Structure & Parking Lot : Landlord's Responsibility

CAM, RE Taxes, Insurance, Interior, Non Structural Repairs & HVAC : Tenant’s Responsibility

Offered by

Luke Waters

Investment Associate

SWE Realty, LLC

Request Info to Unlock

Description:

New Construction with July 1, 2020 Rent Commencement
Freestanding Upgraded Architectural Block Construction O’Reilly Auto Parts
Modified NNN with Limited Landlord Responsibilities and Corporate Backed Lease
Concrete Parking Lot located on .87 acres
6% Rental Increase in Year 11 and Each Option
17,000 + Vehicles Per Day on Trade Street
Attractive Low Rent PSF at $15.83
Adjacent from Ingles Grocery and next to New 7-Eleven Development
S&P Investment Grade Credit Rating (BBB Stable)
Strong Covid-19 Performance Proving Strength as a Dominate Retailer in the Auto Parts Sector
Located in Suburb of Booming Charlotte, NC
Ideal Auto Parts Demographics
61,000 + Residents with Average HHI of $52k + within 5 miles
Strategic Highway Exit Location, Great for Future Use if Necessary
Approx. 28 miles from Charlotte, NC