11511 US-51 Hwy - Freestanding FOR SALE


Atoka, TN 38004
$1,483,000 USD
929-229-2614
11511 US-51 Hwy, Atoka, TN for Sale
$1,483,000 USD
Freestanding - FOR SALE
1/5
null | 6.15% Cap Rate

11511 US-51 Hwy
Atoka, TN 38004


HIGHLIGHTS

  • 11 years and more remaining lease with 4(5-year) extension periods
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Below market rent for the area and for the tenant
  • Extremely visible and significant signage, directly accessible from Memphis, one of the largest cities in Southeastern US with over 600,000 residents
  • Just 1 mile away from the Woodlands at Capital Way apartment community (180 units) and Munford High School) (1,200 students)

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, investment grade (S&P: BBB), corporate guaranteed (NASDAQ: ORLY) O’Reilly Auto Parts investment property located in Munford, Tennessee. The tenant, O’Reilly Automotive Stores, Inc., has over 11-years remaining on its lease with 4 (5-year) options to extend. The lease features 6% rental increases every 5-years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 1957, O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories, with over 6,200 locations.

FOR SALE DETAILS

PRICE

$1,483,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly | 11+yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

General Commercial

APN/PARCEL ID

111G-B-003.00

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.