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O'Reilly Auto Parts 303 White St 10,871 SF Retail Building Danbury, CT 06810 $2,086,442 ($191.93/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant
- Below Market Rents
- Recent Capital Improvements
- Superior Demographics
- Minimal Landlord Responsibilities
- Retail Corridor
EXECUTIVE SUMMARY
Northmarq on behalf of ownership, is pleased to offer for sale to qualified investors the Fee Simple interest in this O’Reilly Auto Parts property located at 303 White Street, Danbury, CT 06810 (the “Property”). There are approximately ± 9.5 years remaining on O’Reilly’s NN Lease with Landlord responsibilities being limited to the Roof, Structure, Parking & Sidewalks.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,871 SF
Building Class
B
Year Built/Renovated
2001/2022
Price
$2,086,442
Price Per SF
$191.93
Cap Rate
6%
NOI
$125,187
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.49 AC
Zoning
CG20 - General Commercial
Parking
60 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
247’ on White Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- O'Reilly Auto Parts
- Retailer
- 10,112 SF
- $12.38
- Double Net
- Aug 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| O'Reilly Auto Parts | Retailer | 10,112 SF | $12.38 | Double Net | Aug 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | DANB-000013K-000000-000114 | Improvements Assessment | $1,543,850 |
| Land Assessment | $1,437,310 | Total Assessment | $2,981,160 |
PROPERTY TAXES
Parcel Number
DANB-000013K-000000-000114
Land Assessment
$1,437,310
Improvements Assessment
$1,543,850
Total Assessment
$2,981,160
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O'Reilly Auto Parts | 303 White St
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