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O’Reilly Auto Parts 350 Cottage St 7,225 SF Retail Building Pawtucket, RI 02860 $3,428,659 CAD ($474.55 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Single-Tenant O’Reilly Auto Parts with Corporate-Backed Rent: Investment-Grade National Tenant with a Long Operating History and Strong Credit Profile
- Long-Term Lease with Strong Remaining Term: Original 20-Year Lease with ±13 Years Remaining; Lease Expires on May 31, 2039
- Multiple Renewal Options with Fixed Escalations: Four (4) 5-Year Renewal Options; Each Option Period Features a 6.00% Rental Increase
- Modern Construction: Built in 2018 Featuring O’Reilly’s Current Prototype Design
- Stable In-Place Income with Contractual Growth: Current NOI: $145,000 Annually ($12,083.33/Month); 6.00% Rent Increase Effective June 1, 2029
- Limited Landlord Responsibilities: Landlord Responsible for Roof, Structure, and Parking Lot Only; Passive Ownership Profile with Minimal Management
Executive Summary
Broker of Record
Brian Brockman
License # REB.0018881
Bang Realty- New England, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Brian Brockman
License # REB.0018881
Bang Realty- New England, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,225 SF
Year Built
2018
Price
$3,428,659 CAD
Price Per SF
$474.55 CAD
Cap Rate
5.75%
NOI
$197,148 CAD
Tenancy
Single
Building Height
1 Story
Zoning
MO
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- OAP
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| OAP | Retailer | - | - | - |
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08 0425 | Improvements Assessment | $878,980 CAD |
| Land Assessment | $0 CAD | Total Assessment | $878,980 CAD |
Property Taxes
Parcel Number
08 0425
Land Assessment
$0 CAD
Improvements Assessment
$878,980 CAD
Total Assessment
$878,980 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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O’Reilly Auto Parts | 350 Cottage St
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