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O'Reilly Auto Parts 302 W Calton Rd 8,256 SF Retail Building Laredo, TX 78041 $2,476,000 ($299.90/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 15-year absolute net lease extension
- Corporate lease backed by investment grade tenant
- Longstanding operating history – 36 years
- 9% rental increases every 5 years providing a hedge against inflation
- Excellent intrinsics – replaceable rent ($15/FT) & low price per foot ($299)
- Tax-free state
EXECUTIVE SUMMARY
A corporate O’Reilly lease with a brand-new 15-year term featuring 9% rental increases every 5 years and an absolute net lease structure requiring zero landlord expense/maintenance obligations. Tenant has been operating at this location for 36 years and demonstrated their dedication to this site by signing a long-term lease extension to stay.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,256 SF
Building Class
C
Year Built
1989
Price
$2,476,000
Price Per SF
$299.90
Cap Rate
5.25%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.11 AC
Zoning
B3
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 210085 | Improvements Assessment | $649,214 |
| Land Assessment | $558,784 | Total Assessment | $1,207,998 |
PROPERTY TAXES
Parcel Number
210085
Land Assessment
$558,784
Improvements Assessment
$649,214
Total Assessment
$1,207,998
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O'Reilly Auto Parts | 302 W Calton Rd
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