1204 Federal Rd - Auto Repair FOR SALE


Houston, TX 77015- Northshore
$2,800,000 USD
650-678-7200
1204 Federal Rd, Houston, TX for Sale
$2,800,000 USD
Auto Repair - FOR SALE
1/3
null | 5% Cap Rate

1204 Federal Rd
Houston, TX 77015
Northshore


HIGHLIGHTS

  • Brand-new 1 5-year absolute net lease extension
  • 9% rental increases every 5 years providing a hedge against inflation
  • Corporate lease backed by investment grade tenant
  • Replaceable rent – $16/SF
  • Longstanding operating history – 36 years at this location
  • Top 15% O’Reilly location nationwide in terms of annual visits (per Placer.ai)

OVERVIEW

A corporate O’Reilly lease with a brand-new 15-year term featuring 9% rental increases every 5 years and an absolute net lease structure requiring zero landlord maintenance or expense obligations. Tenant has been operating at this location for 36 years and is ranked in the top 15% of O’Reilly locations nationwide in terms of annual visits (per Placer.ai).

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O’Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

-

APN/PARCEL ID

0690390000111

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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