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O'Reilly Auto Parts 609 W Madison St 7,523 SF Retail Building Houston, MS 38851 $614,013 CAD ($81.62 CAD/SF) 8.75% Cap Rate



INVESTMENT HIGHLIGHTS
- O’Reilly Automotive, Inc. a corporate credit tenant operating 6,500+ locations nationwide.
- Three five-year options remaining with increases.
- Neighboring Shell gas station is a top 11% store nationwide according to Placer.ai.
- Adjacent to Dollar General, a top 21% location Nationwide according to Placer.ai.
- Strong visibility with pylon signage on the main East/West Corridor through Houston.
- Positioned next to another National Retailer in Dollar General, which is also available for purchase.
EXECUTIVE SUMMARY
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire an O’Reilly Auto Parts property located at 609 W Madison Street in Houston, Mississippi.
The property is leased to O’Reilly Automotive, Inc. (NASDAQ: ORLY), one of the largest specialty retailers of automotive aftermarket parts in the United States with more
than 6,500 locations nationwide. The asset features a 7,523 square foot building situated on 0.84 acres, with a long-term operating history at this location since 2007.
The lease is structured so that the tenant is responsible for taxes, HVAC, parking lot, and utilities, all directly, while the landlord covers the roof and structure. The tenant
carries, at its sole cost, “all risk” insurance that covers the building including fire and extended coverage, and commercial general liability insurance. The Landlord will
also hold commercial general liability insurance, without reimbursement. This well located property also benefits from excellent visibility along W Madison Street, convenient access, and strong co-tenancy in the immediate trade area. With a nationally recognized, investment-grade tenant and a successful track record at the
site, this offering represents a compelling opportunity to acquire a stable, income producing asset in the resilient automotive aftermarket sector.
The property is leased to O’Reilly Automotive, Inc. (NASDAQ: ORLY), one of the largest specialty retailers of automotive aftermarket parts in the United States with more
than 6,500 locations nationwide. The asset features a 7,523 square foot building situated on 0.84 acres, with a long-term operating history at this location since 2007.
The lease is structured so that the tenant is responsible for taxes, HVAC, parking lot, and utilities, all directly, while the landlord covers the roof and structure. The tenant
carries, at its sole cost, “all risk” insurance that covers the building including fire and extended coverage, and commercial general liability insurance. The Landlord will
also hold commercial general liability insurance, without reimbursement. This well located property also benefits from excellent visibility along W Madison Street, convenient access, and strong co-tenancy in the immediate trade area. With a nationally recognized, investment-grade tenant and a successful track record at the
site, this offering represents a compelling opportunity to acquire a stable, income producing asset in the resilient automotive aftermarket sector.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,523 SF
Building Class
B
Year Built
2006
Price
$614,013 CAD
Price Per SF
$81.62 CAD
Cap Rate
8.75%
NOI
$53,726 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.84 AC
Opportunity Zone
Yes
Frontage
94’ on MADISON ST
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $55,992 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$55,992 CAD
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O'Reilly Auto Parts | 609 W Madison St
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