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350 Cottage St
Pawtucket, RI 02860
O’Reilly Auto Parts · Retail Property For Sale
Investment Highlights
- Single-Tenant O’Reilly Auto Parts with Corporate-Backed Rent: Investment-Grade National Tenant with a Long Operating History and Strong Credit Profile
- Long-Term Lease with Strong Remaining Term: Original 20-Year Lease with ±13 Years Remaining; Lease Expires on May 31, 2039
- Multiple Renewal Options with Fixed Escalations: Four (4) 5-Year Renewal Options; Each Option Period Features a 6.00% Rental Increase
- Modern Construction: Built in 2018 Featuring O’Reilly’s Current Prototype Design
- Stable In-Place Income with Contractual Growth: Current NOI: $145,000 Annually ($12,083.33/Month); 6.00% Rent Increase Effective June 1, 2029
- Limited Landlord Responsibilities: Landlord Responsible for Roof, Structure, and Parking Lot Only; Passive Ownership Profile with Minimal Management
Executive Summary
Broker of Record
Brian Brockman
License # REB.0018881
Bang Realty- New England, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Brian Brockman
License # REB.0018881
Bang Realty- New England, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,225 SF
Year Built
2018
Price
$2,522,000
Price Per SF
$349.07
Cap Rate
5.75%
NOI
$145,015
Tenancy
Single
Building Height
1 Story
Zoning
MO
Property Taxes
| Parcel Number | 08 0425 | Improvements Assessment | $644,300 |
| Land Assessment | $0 | Total Assessment | $644,300 |
Property Taxes
Parcel Number
08 0425
Land Assessment
$0
Improvements Assessment
$644,300
Total Assessment
$644,300
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