O'Reilly Auto Parts
$1,527,500
301 Arsenal St, Watertown, NY 13601
For Sale
Retail
Active
Last Updated: 11/28/2023
6.5
Cap Rate
99,225
NOI
Details:
Cap Rate: 6.5%
NOI: $99,225
Building Size: 11,340 sqft
Lot Area: 1.02 acres
Year Built: 1998
Highlights:
- O'Reilly Auto Parts Signed a 10-Year Lease in July 2022
- 6% Rental Increase in Year 6 and In Options
- Double Net Lease - Minimal Management Responsibilities
- Located at The Signalized Intersection of Arsenal Street (24,000Vehicles/Day) & Massey Street (16,000 Vehicles/Day)
- Corporate Guarantee - S&P Credit Rating "BBB+"
- (3) Five-Year Renewal Options Featuring Rental Increases
- Landlord is Replacing Roof With 20 Year Warranty |Parking Lot Recently Resurfaced/ Restriped
- Over 36,000 People Within 5 Miles of Subject Property
- Average Household Income In A 5 Mile Radius Exceeds $65,000
Description:
O'Reilly Recently Extended the Lease for 10 Year Thru 2032
Watertown, NY
Location
