LOCATION COMMITMENT: O’Reilly Auto Parts occupies 75% of the property and has been operating at the Property for 12 years. They have 8 Years remaining on their 20-Year Lease.
CORPORATE LEASE: The O’Reilly Lease features a corporate guaranty and 10% scheduled rent increases in the base term and at the start of their three renewal options.
PASSIVE INCOME: O’Reilly Auto Parts has a Triple Net Lease and The Tire Store is on a Modified-Net Lease. Additionally, the site generates $5,000 per year from a Billboard Leased to CBS.
RECESSION RESISTANT INVESTMENT: Due to the auto part industry’s projected long-term strength, auto part stores remain in high-demand among Net Lease investors. The U.S. auto fleet is expected to grow by more than 10% over the next 3 years, resulting in more than 290 million vehicles (with an average age of 11 years) on the road by 2022. More cars on the road, an aging fleet and more miles driven are all predictors for a healthy automotive parts industry.
DZ Net Lease Realty, LLC | GA Broker of Record | License H-63528
Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.
