General
Property title USA Retail Property for Sale 003
Category Sold
Agent Garth Wilson
Status SOLD
Is Feature No
Price $   1 163 077
Address
Address
Postcode
City Independence
Country United States
State/Province
Louisiana
Other information
Small description O Reilly Auto Parts, located at the NEC of 7th and Highway 51, Independence, Louisiana.

Independence is located in Tangipahoa Parish, Louisiana. The population was 1,956 at the 2010 census. It is part of the Hammond Micropolitan Statistical Area.

The property is offered under a Brand New Twenty (20) Year Lease Term, with Three (3), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period.

INVESTMENT HIGHLIGHTS
  • The property is 100% leased to O'Reilly Auto Parts
  • Brand New Twenty (20) Year Lease Term that will commence in June 2013
  • Three (3), Five (5) Year Renewal Options with 6% increases beginning in year 11 and in each option period
  • Strong population growth area with over 15% growth in the past 5 years within a Five (5) miles radius of the subject property
  • As of December 31, 2011, O'Reilly Automotive Inc. had total revenue in excess of $5.78 billion, net income in excess of $507 million, a net worth in excess of $2.84 billion, and an S&P rating of BBB and Stable
  • The subject property is located on Highway 51, which is the main thoroughfare through Independence. It is also located less than 5 miles from Interstate 55, near several retail properties including Piggly Wiggly, Dollar General, and Wings-To-Go
Full description
Location Description
Independence is located in Tangipahoa Parish, Louisiana. The population was 1,724 at the 2000 census. It is part of the Hammond Micropolitan Statistical Area.
Agent information
Agent Photo
Name Garth Wilson
+27 21 783 5833
+27 82 576 1995
garth-wilson
Information
Property ID: 70
Hits: 866
Created: 2013-02-21
Summary
Sub-Type Stand-Alone Auto Retail
GLA 6 400 sqft
Land Size 0.51 Acres
Yield 6.50%
NOI $ 75 600
Property Photos
Retail Property for Sale