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O’Reilly in Orlando, FL | Absolute-Net Lease

4400 Hoffner Ave, Orlando, FL 32812, USA
$2,597,233

Description

Marcus & Millichap is pleased to present for sale this Net-Leased O’Reilly Auto Parts located at 4400 Hoffner Avenue in Orlando, Florida.

The subject property consists of a 7,200 Square Feet building that is situated on a 1.10 acre parcel of land. This O’Reilly Auto Parts Is situated two parels west of the signalized intersection of Hoffner Avenue and South Conway Road which experiences combined traffic counts exceeding 50,800 vehicles per day.

This property is located next to a brand new Wawa Convenience store and in front of a new Crunch Fitness. Retailers in the immediate vicinity include Publix, Chase, McDonald’s, Wawa, Crunch Fitness, Wendy’s, Tires Plus, Wells Fargo, CVS and Starbucks.

O’Reilly Auto Parts is an American auto parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the company operates more than 5,100 stores in 47 states.

  • 20 year Corporate Lease with scheduled 6% increases in Year 10 and in each of the three (5 year) option periods
  • Brand New 2018 Construction with Minimal Landlord Responsibilities and Roof Warranty
  • Affluent Demographics: Average Household Income Exceeds $82,000 in a One Mile Radius
  • Five Mile Population exceeds 239,000 people with strong 10% projected population growth over the next 5 years
  • Investment Grade Tenant, Rated BBB+ by S&P
  • Visible to over 50,000+ Vehicles Per Day
  • Located 2 Miles Away from Orlando International Airport, Florida’s Busiest Airport in 2017 with 44.6 Million Visitors

Property Documents

  • City: Orlando
  • State/county: Florida
  • Zip/Postal Code: 32812
  • Country: United States

Detail

  • Price: $2,597,233

Additional details

  • CAP Rate: 5.35%
  • NOI: $138,952

Features