1616 Tappahanock Blvd - Freestanding FOR SALE


Tappahannock, VA 22560
$1,994,000 USD
805-889-7837
1616 Tappahanock Blvd, Tappahannock, VA for Sale
$1,994,000 USD
Freestanding - FOR SALE
1/7
null | 5.9% Cap Rate

1616 Tappahanock Blvd
Tappahannock, VA 22560


HIGHLIGHTS

  • 15 Years Remaining on NN+ with Minimal Landlord Responsibilities
  • Strong Corporate Guarantee From O’Reilly Auto Parts
  • Four (5) Year Option Periods With 6% Rental Increase on Year 11 & 16 and Option Periods
  • Located Directly on Tappahannock Blvd Which Sees Over 44,050 VPD
  • Tenants Sits on a Large 0.92 Acre Lot
  • Average Household Income is $63,125 Within a 5 Mile Radius

OVERVIEW

Helios Investment Services is excited to offer for sale the O'Reilly Auto Parts store located at 1616 Tappahannock Blvd, Tappahannock, VA. This 7,225 SF property is leased to O'Reilly Auto Parts, a publicly traded Fortune 500 company (NASDAQ: ORLY) with a strong corporate guarantee and an investment-grade BBB credit rating from S&P. With over 15 years remaining on the lease, this NN+ property provides minimal landlord responsibilities, offering a secure, long-term investment with scheduled 6% rental increases at years 11, 16, and option periods. This property is situated along Tappahannock Blvd, one of the busiest commercial corridors in Tappahannock, with over 44,050 vehicles passing by daily. The surrounding area is anchored by major retailers including Walmart Supercenter, Lowe's Home Improvement, and Food Lion, ensuring consistent customer traffic and strong market demand. Tappahannock is also the oldest town in Essex County, VA, providing a blend of historical charm and steady economic activity.

FOR SALE DETAILS

PRICE

$1,994,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-2

APN/PARCEL ID

37-131B

ASK ABOUT THIS PROPERTY

Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.