O’Reilly Auto Parts | Net Leased Offering

3109 Martin Luther King Junior Boulevard, Dallas, TX

$1,785,829

Price

5.25%

Cap Rate

$93,756

NOI

Overview
Cap Rate
5.25%
NOI
$93,756
Building Size
6,000 sqft
Lot Area
0.587 acres
Description

This is the opportunity to purchase a 6,000 square-foot net leased offering in Dallas, Texas. The tenant has over 13 years of initial term remaining on their lease with an increase in rent in 2023. The tenant has four, 5 year options to renew with 6% increases at each option. The lease is corporately guaranteed by O’Reilly Auto Parts and calls for minimal landlord obligations. The site is strategically located on Martin Luther King Jr. Boulevard, a major commercial thoroughfare that leads to State Fair Park and The Cotton Bowl Stadium. The property is also nearby several retailers including Walgreens, Fiesta Mart, Save-A-Lot, and Bank of America.

Highlights
  • Long Term Net Leased Offering
  • Investment Grade Credit - S&P Rated BBB+ Credit
  • Corporate Guaranty - NASDAQ: ORLY
  • Minimal Landlord Obligations
  • Scheduled Increases in Rent
  • Close to State Fair Park & Cotton Bowl Stadium
  • Located on a Major Commercial Thoroughfare
  • Heavily Trafficked Location - Over 18,000 VPD
Documents
Title
Offering Memorandum
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Location
Gallery