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O'Reilly Auto Parts 3079 Bailey Ave 9,200 SF Retail Building Buffalo, NY 14215 $1,226,666 ($133.33/SF) 6.75% Cap Rate
Investment Highlights
- 8+ Years Remaining on Original 10-Year NN Lease Term | 8% Increases every 5 Years | Priced Below Replacement Costs | Attractive Low Rent - $9.00 PSF
- High Visibility Location with Three Points of Access | Positioned at Signalized Intersection of Bailey Ave and Westminster Ave - 33,000+ VPD
- 6,483 Locations Throughout the US | 2nd Largest Automotive Supplier in North America
- Strong National Tenant | Corporate Guarantee | S&P Credit Rating "BBB" | Fee Simple Interest with Minimal Landlord Responsibilities
- New Building Retrofit, Roof and Parking Lot Completed in 2023 | $1B In Transportation & Maintenance Spending within 5 Miles of Subject Property
Property Facts
Amenities
- Bus Line
- Security System
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 9,200 SF
- $0.75
- Double Net
- Dec 2033
O'Reilly Auto Parts began in 1957 when the O'Reilly family formed O'Reilly Automotive in Springfield, Missouri, and the business has since expanded from a single-store operation into a broad automotive aftermarket retailer. The company supplies automotive parts, tools, equipment, and accessories for both professional service providers and do-it-yourself customers. O'Reilly Auto Parts serves a wide retail network across the United States and other North American markets, supporting customers through stores, distribution, and service-oriented sales programs. The company remains focused on automotive replacement parts and related products while maintaining a long-running presence in the automotive retail sector.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 9,200 SF | $0.75 | Double Net | Dec 2033 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,105,800 | |
| Land Assessment | $115,400 | Total Assessment | $1,221,200 |
Property Taxes
