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USA Retail Property for Sale 003


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Price: $ 1 163 077
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Listing

Photos and map [-]
Location [-]
Address Independence
State/Province Louisiana
Country United States
Property Information [-]
Title USA Retail Property for Sale 003
Category Sold
Status SOLD
Featured No
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

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.
Total viewing 866
Summary [-]
Sub-Type Stand-Alone Auto Retail
GLA 6 400 sqft
Land Size 0.51 Acres
Yield 6.50%
NOI $ 75 600

Agent info

Agent information
Agent Photo
Name Garth Wilson
Listing (95)  |  Agent info  |  Contact agent
Phone:
+27 21 783 5833
Mobile:
+27 82 576 1995
Skype:
garth-wilson

 
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