507 W Main St | Kelso, WA 98626
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507 W Main St
Kelso, WA 98626
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- O’Reilly Auto Parts has a corporate guarantee with a BBB investment grade credit rating (Standard & Poor)
- NN Lease with minimal landlord responsibilities allowing for passive income
- The lease features a 12.5% increase June 1st, 2022, for the final 5-Years of the original term
- O’Reilly Auto Parts has seen their stock price increase over 45% in the past year
- This location just entered its 25th year operating as an aftermarket auto parts retailer
- The lease includes Four, 5-Year Options periods with 8% rent increases to hedge against inflation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,600 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.46 AC
Zoning
C03
PROPERTY TAXES
| Parcel Number | 2-2546 | Improvements Assessment | $667,180 |
| Land Assessment | $80,000 | Total Assessment | $747,180 |
PROPERTY TAXES
Parcel Number
2-2546
Land Assessment
$80,000
Improvements Assessment
$667,180
Total Assessment
$747,180
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