Your email has been sent.
O'Reilly Auto Strip Center | 2024 Renovation 163 South St 13,671 SF 100% Leased Retail Building Pittsfield, MA 01201 $4,457,173 CAD ($326.03 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied | Options to Extend | Scheduled Rental Increases
- Near Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Berkshire Medical Center (302 beds) | Nearby Schools
- Strong Demographics in 5-mile Trade Area | Direct Consumer Base
EXECUTIVE SUMMARY
• O’Reilly Auto Parts commenced their lease in January 2024 and currently has apx. 14 years remaining on their initial 15 year lease term
• O’Reilly has 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 8% increases every 5 years and at the beginning of each option period
• The tenant Berkshire Medicine has been a tenant at the center since 2016 and currently has apx. 2 years remaining
• The lease features 3% annual increases
• Bottomless Bricks recently signed a two year extension to their initial lease
• The lease now has a new expiration date of Feb. 2028
• Bottomless Bricks has 1 (2-year) option, demonstrating their commitment to the site
PROPERTY FACTS
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Berkshire Medicine
- Health Care and Social Assistance
-
99,999 SF
- -
-
Jan 0000
- Bottomless Bricks
- Retailer
-
99,999 SF
- -
-
Jan 0000
-
- Retailer
-
99,999 SF
- -
-
Jan 0000
O’Reilly Automotive is a publicly traded automotive aftermarket parts retailer headquartered in Springfield, Missouri. Founded on December 2, 1957, by Charles F. O’Reilly and Charles H. “Chub” O’Reilly, the company began as a single store and has grown into one of the largest specialty retailers in its sector. O’Reilly serves both professional service providers and do-it-yourself customers through a dual-market strategy, offering parts, tools, and related services. The company operates more than 6,400 stores across the United States, Puerto Rico, Mexico, and Canada. O’Reilly Automotive trades on the NASDAQ under the ticker symbol ORLY and employs over 93,000 team members. Its growth has been driven by strategic acquisitions and a robust distribution network designed to ensure product availability and timely delivery.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Berkshire Medicine | Health Care and Social Assistance | 99,999 SF | - | Jan 0000 | ||
| Bottomless Bricks | Retailer | 99,999 SF | - | Jan 0000 | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PITT-000008H-000007-000001 | Improvements Assessment | $1,577,830 CAD |
| Land Assessment | $273,094 CAD | Total Assessment | $1,850,924 CAD |
PROPERTY TAXES
Presented by
O'Reilly Auto Strip Center | 2024 Renovation | 163 South St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.