1322 W Main St - Freestanding FOR SALE


Corning, AR 72422
$178,800 USD
714-365-2151
1322 W Main St, Corning, AR for Sale
$178,800 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

1322 W Main St
Corning, AR 72422


HIGHLIGHTS

  • LOWEST PRICED O'REILLY'S IN THE NATION! $178,800
  • LOWEST RENT O'REILLY'S IN THE NATION (ONLY $596/MONTH!!!)
  • STRONG STORE SALES CONSISTENTLY OVER $1M/YEAR | SUB 1% RENT TO SALES RATIO!
  • 5 YEARS REMAININING WITH NO OPTIONS ALLOWING FOR MASSIVE UPSIDE IN 2030 UPON LEASE RENOGOTATION!
  • FANTASTIC LOCATION WITH VISIBILITY AND ACCESS FROM BOTH SIDES OF THE HWY
  • ONLY NATIONAL AUTOPARTS STORE WITHIN 15+ MILES!

OVERVIEW

MASSIVE UPSIDE POTENTIAL | LOWEST RENT O'REILLY'S IN THE NATION (ONLY $596/M!) | LOWEST PRICE O'REILLY'S IN THE NATION | $1M+ IN YEARLY SALES WITH SUB 1% RENT TO SALES RATIO! | NO OPTIONS REMAINING WITH JUST UNDER 5 YEARS REMAINING ON TERM! | HUGE UPSIDE UPON LEASE EXPIRATION WHEN RENEGOTIATING TO MARKET RENT WITH O'REILLY's! Corning, Arkansas may be considered a small town based on population, but its location directly on heavily trafficked Highway 62 creates strong daily activity and steady consumer demand. Highway 62 serves as a primary east–west thoroughfare with up to 30,000 vehicles per day, providing excellent accessibility, regional connectivity, and exposure to both local residents and visitors . The retail corridor is anchored by well-known national brands including McDonald’s, Taco Bell, Dollar General, Casey’s General Store, John Deere Equipment, and O’Reilly Auto Parts. Recently, GH Decoy also expanded their headquarters into Corning, underscoring the market’s continued growth and economic stability. This property consists of a 6,060 SF free-standing O’Reilly Auto Parts situated on a 0.54-acre parcel. It is currently the lowest-rent O’Reilly’s in the nation, with annual rent of just $7,152 — equating to approximately $1.18 per square foot. This rent level is significantly below market and provides substantial upside potential upon lease renewal. The store has consistently generated over $1 million in annual sales, resulting in a sub-1% rent-to-sales ratio. The lease has five years remaining with no renewal options, creating a unique opportunity for an investor to renegotiate with O’Reilly’s to market-rate rents and capture immediate value growth.

FOR SALE DETAILS

PRICE

$178,800 USD

PRICE/SF

$36 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts - Large Upside Potential

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

722-01361-000C

ASK ABOUT THIS PROPERTY

Jack HopkinsMarcus & MillichapMore Info
714-365-2151

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Jack HopkinsMarcus & MillichapMore Info
714-365-2151

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