O'Reilly Auto Parts

301 Arsenal St, Watertown, NY

$1,527,500

Price

6.5%

Cap Rate

$99,225

NOI

Overview
Cap Rate
6.5%
NOI
$99,225
Building Size
11,340 sqft
Lot Area
1.02 acres
Year Built
1998
Description

O'Reilly Recently Extended the Lease for 10 Year Thru 2032


Watertown, NY

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
Location