1715 N Carson St - Freestanding FOR SALE


Carson City, NV 89701
$3,536,000 USD
480-221-4221
1715 N Carson St, Carson City, NV for Sale
$3,536,000 USD
Freestanding - FOR SALE
1/9
null | 4.75% Cap Rate

1715 N Carson St
Carson City, NV 89701


HIGHLIGHTS

  • Over 4 Years Remaining | Investment Grade Tenant (S&P: BBB) | Scheduled Rental Increases | Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along N. Carson Road (16,800 VPD) |Excellent Visibility & Access
  • Nearby Walmart & Home Depot | National/Credit Tenant Presence
  • Long-Term Upside & Rental Growth Potential
  • Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Las Vegas, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, investment grade (S&P: BBB), corporate signed, O’Reilly Auto Parts investment property located in Carson City, Nevada. The tenant, O’Reilly Auto Enterprises, LLC, has over 4 years remaining in their initial lease term with 5 (5-year) options to extend. The lease features a 5% increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free 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, equipment, and accessories in the United States.

FOR SALE DETAILS

PRICE

$3,536,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reily | 4+yrs Remain Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,725 SF

ZONING

Retail Commercial

APN/PARCEL ID

002-091-07

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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