350 Cottage St
Pawtucket, RI 02860
The Plains
HIGHLIGHTS
- Single-Tenant O’Reilly Auto Parts with Corporate-Backed Rent: Investment-Grade National Tenant with a Long Operating History and Strong Credit Profile
- Modern Construction: Built in 2018 Featuring O’Reilly’s Current Prototype Design
- Long-Term Lease with Strong Remaining Term: Original 20-Year Lease with ±13 Years Remaining; Lease Expires on May 31, 2039
- Stable In-Place Income with Contractual Growth: Current NOI: $145,000 Annually ($12,083.33/Month); 6.00% Rent Increase Effective June 1, 2029
- Multiple Renewal Options with Fixed Escalations: Four (4) 5-Year Renewal Options; Each Option Period Features a 6.00% Rental Increase
- Limited Landlord Responsibilities: Landlord Responsible for Roof, Structure, and Parking Lot Only; Passive Ownership Profile with Minimal Management
FOR SALE DETAILS
PRICE
$2,522,000 USD
PRICE/SF
$349 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
O’Reilly Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
MO
APN/PARCEL ID
08 0425
ASK ABOUT THIS PROPERTY
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513-300-0763
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Please correct the highlighted field(s).
513-300-0763
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
