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1715 N Carson St
Carson City, NV 89701
O'Reily | 4+yrs Remain Abs NNN · Retail Property For Sale
Investment Highlights
- Over 4 Years Remaining | Investment Grade Tenant (S&P: BBB) | Scheduled Rental Increases | Established Tenant
- Located Along N. Carson Road (16,800 VPD) |Excellent Visibility & Access
- Long-Term Upside & Rental Growth Potential
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Nearby Walmart & Home Depot | National/Credit Tenant Presence
- Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS Real Estate Partners-Las Vegas, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, investment grade (S&P: BBB), corporate signed, O’Reilly Auto Parts investment property located in Carson City, Nevada. The tenant, O’Reilly Auto Enterprises, LLC, has over 4 years remaining in their initial lease term with 5 (5-year) options to extend. The lease features a 5% increase at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1957, O’Reilly Auto Parts is one of the largest specialty retailers of automotive aftermarket parts, tools, equipment, and accessories in the United States.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,755 SF
Building Class
C
Year Built
1960
Price
$3,536,000
Price Per SF
$224.44
Cap Rate
4.75%
NOI
$167,978
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.69 AC
Zoning
Retail Commercial
Parking
105 Spaces (6.66 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 002-091-07 | Improvements Assessment | $164,411 |
| Land Assessment | $243,852 | Total Assessment | $408,263 |
Property Taxes
Parcel Number
002-091-07
Land Assessment
$243,852
Improvements Assessment
$164,411
Total Assessment
$408,263
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