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503 Hamlin St
Lake Wales, FL 33853
O'Reilly Auto Parts · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • O’REILLY AUTOMOTIVE (NYSE: ORLY) | STRONG FINANCIAL COMPANY WITH MORE THAN 6,000 STORES ACROSS THE UNITED STATES
  • LOCAL MARKET MEETS CORPORATE SITE CRITERIA | HIGHLIGHTS TENANT PROFITABILITY IN REGIONAL LOCATIONS
  • TENANT COMMITMENT TO LOCATION | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • SURROUNDED BY NATIONAL RETAILERS | TAX FREE INCOME STATE

EXECUTIVE SUMMARY

O’REILLY AUTOMOTIVE (NYSE: ORLY) | STRONG FINANCIAL COMPANY WITH MORE THAN 6,000 STORES ACROSS THE UNITED STATES
• O’Reilly Automotive operates over 6,000 U.S. stores, with plans for further expansion through new construction and supply chain enhancements.
• Corporate Guarantee | O’Reilly Automotive (NYSE: ORLY) is a publicly traded company with strong financials and a recession-proof business model.
• O’Reilly’s strong financials and steady sales growth highlight its resilience and status as a trusted name in the automotive aftermarket industry.
• Same-store sales increased 4.3% yearover- year, with a 10.6% rise in net sales driven by operational excellence and strategic growth initiatives.
TENANT COMMITMENT TO LOCATION | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
• O’Reilly’s long-term lease reflects its commitment to the property, with limited landlord responsibilities under a double net lease.
• Landlord responsibilities are limited to structural systems, roof, foundation, and specific replacements, reducing maintenance burdens.
• Original Lease Term (2015–2035): Rent increases from $108,000 to $114,460 in 2025, a 6% rise over the first 10 years.
• The lease includes 6% rental increases for each option period, enhancing long-term value.
• O’Reilly’s net lease structure provides a lowrisk, inflation-hedged investment with stable, long-term returns.
LOCAL MARKET MEETS CORPORATE SITE CRITERIA | HIGHLIGHTS TENANT PROFITABILITY IN REGIONAL LOCATIONS
• High traffic count of 28,493 vehicles per day ensures strong visibility and customer flow, supporting O’Reilly’s success.
• Strategic site selection targets profitable small-town locations with limited competition and demand for local auto parts suppliers.
• Positioned in a high-traffic area with favorable demographics, this store is a vital resource in the regional automotive parts market.
SURROUNDED BY NATIONAL RETAILERS | TAX FREE INCOME STATE
• The O’Reilly property is conveniently situated near national retailers like McDonald’s, Taco Bell, Harbor Freight, RaceTrac, Wendy’s, Olive Garden, and 7-Eleven.
• Florida property ownership offers tax advantages for buyers from income tax-free states, enhancing returns beyond the base CAP rate.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,372 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$2,722,712 CAD
Price Per SF
$369.33 CAD
Cap Rate
5.75%
NOI
$156,556 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.59 AC
Zoning
GC - Auto Parts Sales
Parking
40 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
271’ on SR 60

AMENITIES

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-30-07-000000-033090
Land Assessment
$946,748 CAD
Improvements Assessment
$830,446 CAD
Total Assessment
$1,777,193 CAD
  • Listing ID: 34580957

  • Date on Market: 2025-01-23

  • Last Updated:

  • Address: 503 Hamlin St, Lake Wales, FL 33853

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