23830 FM 1314 Rd
Porter, TX 77365
O'reilly Auto Parts · Retail Property For Sale

Kentwood Capital Advisors is pleased to offer for sale to qualified investors this 20 Year NN leased investment O’Reilly Auto Parts store with 6% rent increases beginning in year 10 and every options period thereafter. The property is leased to O’Reilly Auto Enterprises, LLC, a wholly owned subsidiary of O’Reilly Automotive, Inc. (NYSE: ORLY), which has a current credit rating of BBB+ by Standard and Poor’s and market cap of $21.5B. This new relocation O’Reilly Auto Parts store is currently under construction and will benefit from its existing customer base in this growing suburban Houston market location. It is situat- ed on a hard signalized corner that has approximately 38,000 vehicles per day passing by it. The property has excellent visibility and access as a result. The demographics are very strong with over 4,000 people in a 1 mile radius and $101,000 AHHI and over 86,000 people in 5 mile with $89,000 AHHI levels. The asset is situated amid numerous existing and growing res- idential communities along major commercial corridor that features other noticeable national tenants including CVS, Sonic, McDonald’s, Burger King, Family Dollar, IHOP, Ace Hardware, Pizza Hut and Stripes. The market is experiencing robust growth and now that the 99 Grand Parkway has been connected in this area to other areas of eastern and southern Houston it is positioned to grow further in the coming years.