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O'Reilly Auto Parts

$3,100,000

2580 S Elm Ave, Fresno, CA 93706

Active
Last Updated: 08/26/2024

5.8

Cap Rate

179,000

NOI

Details:
Cap Rate:    5.8%
NOI:    $179,000
Building Size:    7,252 sqft
Lot Area:    0.73 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2023
Zoning:    RMI
Floors:    1
Parking Spots:    66
Highlights:
  • New Built to Suit
  • Single tenant building 100% occupied by O’Reilly Auto
  • Parts, a National Credit Tenant
  • 15 year lease that commences February 1, 2025
  • O’Reilly Auto Parts is an investment grade rated company (S&P: BBB)
  • Publicly traded, corporate guarantee, strong credit
  • Highly visible from busy intersection
Description:

Avison Young is pleased to present this unique opportunity to acquire a newly developed single-tenant O’Reilly Auto Parts on a fee simple land located at 2580 South Elm Avenue in Fresno, California. The property is situated approximately .35 miles from Freeway 41 ramps and 1 mile from Freeway 99 ramps, with close proximity to other retailers including Valero and Family Dollar. This is a rare opportunity to acquire a stable investment in the valuable California commercial real estate market.

Located in Fresno within one mile of entrance/exit ramps on Freeway 41 and 99 - major California highways.

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