Log In/Sign Up
Your email has been sent.
O'Reilly Auto Parts Store in Garner 4707 Veterans Pky 7,225 SF Retail Building Garner, NC 27529 $2,833,718 CAD ($392.21 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease guaranteed by O’Reilly Automotive Stores, Inc., a publicly traded Fortune 500 company (NASDAQ: ORLY) with over 6,000 stores
- Tenant covers taxes, insurance, and maintenance; landlord is only responsible for structural components
- Located along Veterans Parkway (Highway 42), surrounded by Walmart Supercenter, Food Lion, Lowe’s, and other national retailers
- 20-year initial lease term running through October 2037, with four additional five-year options
- Garner is a rapidly growing community within the Raleigh–Durham Research Triangle, one of the top U.S. regions for population and employment growth
- Great frontage along a primary commercial artery with strong traffic counts (±18,000 VPD) + easy access to surrounding residential neighborhoods
EXECUTIVE SUMMARY
The offering is a single-tenant O’Reilly Auto Parts store located at 4707 Veterans Parkway (Highway 42) in Garner, North Carolina. This ±7,225 SF retail property sits on a well-positioned parcel with strong frontage and visibility along one of Garner’s key retail corridors. The site offers ample surface parking and was designed to meet O’Reilly’s national standards.
The lease is double-net (NN), with the tenant responsible for taxes, insurance, and maintenance, while the landlord handles structural components. Rent began in October 2017 with a 20-year initial term through October 2037, followed by four (4) five-year renewal options. Garner is part of the Raleigh-Cary MSA, itself part of the larger region known as the Research Triangle.
The lease is double-net (NN), with the tenant responsible for taxes, insurance, and maintenance, while the landlord handles structural components. Rent began in October 2017 with a 20-year initial term through October 2037, followed by four (4) five-year renewal options. Garner is part of the Raleigh-Cary MSA, itself part of the larger region known as the Research Triangle.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,225 SF
Building Class
B
Year Built
2017
Price
$2,833,718 CAD
Price Per SF
$392.21 CAD
Cap Rate
5%
NOI
$141,686 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.17
Lot Size
0.97 AC
Zoning
GB - General Business (GB)
Parking
39 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
306’ on North Carolina 42
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- O'Reilly Auto Parts
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| O'Reilly Auto Parts | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06E02005C | Improvements Assessment | $888,933 CAD |
| Land Assessment | $1,761,799 CAD | Total Assessment | $2,650,732 CAD |
PROPERTY TAXES
Parcel Number
06E02005C
Land Assessment
$1,761,799 CAD
Improvements Assessment
$888,933 CAD
Total Assessment
$2,650,732 CAD
1 of 13
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
O'Reilly Auto Parts Store in Garner | 4707 Veterans Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.