O'Reilly Auto Parts 302 W Calton Rd 8,500 SF Retail Building Laredo, TX 78041 $2,540,589 CAD ($298.89 CAD/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- 2% annual rent increases (5.90% blended cap rate over remaining term)
- No remaining renewal options
- Part of 2-unit portfolio (available together or individually)
- The majority of available O’Reilly Auto Parts properties are NN with a 6% rent increase in Year 11
- Defendable annual rent of $12.16/SF
- Ideal demographics: 96,438 residents within 3-miles with $60,747 Average Household Incomes
EXECUTIVE SUMMARY
Extremely Rare Absolute NNN Lease With 2% Annual Rent Increases
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built
1989
Price
$2,540,589 CAD
Price Per SF
$298.89 CAD
Cap Rate
5.65%
NOI
$143,524 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.07 AC
Zoning
B-3
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 210085 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,607,651 CAD |
