1007 E Irving Blvd
Irving, TX 75060
O'Reilly Auto Parts · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate lease is with O’Reilly Auto Enterprises LLC Inc
- Absolute NNN with O'Reilly's paying all CAM expenses directly.
- Their are 4 options remaining and each are five-years with 10% bumps at renewal
- Investment Grade Tenant (BBB+; S&P) - O’Reilly Automotive ranks #279 in F500
- In addition to the 12,000 sqft of space on the 1st floor, there is also a basement with elevator, used for significant inventory storage
- With rent potential and bumps, CAP Rates for 2024 increase to 5.6% and in 2029 the CAP Rate increases to 6.30%
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,000 SF
Building Class
C
Year Built
1956
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.75 AC
Zoning
Strip Commercial Center - Strip Commercial Center
Parking
57 Spaces (3.33 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 32210500000160200 | Improvements Assessment | $928,610 |
| Land Assessment | $196,390 | Total Assessment | $1,125,000 |
