201 E Johnson Ave - Freestanding FOR SALE


Jonesboro, AR 72401
$981,230 USD
214-692-2847
201 E Johnson Ave, Jonesboro, AR for Sale
$981,230 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate

201 E Johnson Ave
Jonesboro, AR 72401


OVERVIEW

Low Rent Across Portfolio: The average rent for a fee simple O’Reilly Auto Parts is roughly $110,000. However, they’re only paying $63,780 here, promoting long-term profitability and tenancy via one of the lowest rental rates across the thousands of leased stores. Continuous Proven Commitment: O’Reilly Auto Parts initially signed a 10-year lease starting in 2001, followed by a series of extensions or 5-year renewals, and most recently an extension through 2034. These numerous decisions demonstrate O’Reilly’s strong commitment to the location, indicating its favorable performance and importance to its operations. Bull Run in a Bear Market: O’Reilly Auto Parts has grown their revenue by an astounding average of nearly 10% per year since 2019, which demonstrates the auto parts sector’s resiliency in struggling markets. In 2023, revenue was $15.8 Billion. As of 11/11/2024, ORLY’s stock price is $1,228/share, which is up 175.93% over the past 5 years, and equating to a market valuation of $71.06 Billion. Strategic Positioning: The subject property already sees 19,400 VPD on E Johnson Ave but also gains additional access and visibility from E Main St, which leads to both Downtown Jonesboro and Arkansas State University, and benefits from an additional 15,000 VPD. Minimal Responsibilities: O’Reilly Auto Parts is solely and directly handles insurance, taxes, and insurance while offering the ability to receive rent systematically through direct deposit. These features make this a passive investment. Recent Roof Reinforcement: A new coating was added to the roof in 2019 that came with a 10-year warranty, further reducing a new landlord’s responsibilities in the near term. Broker of Record Kyle Matthews License No. PB00084217 (AR)

FOR SALE DETAILS

PRICE

$981,230 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

CI

APN/PARCEL ID

01-144181-36400

ASK ABOUT THIS PROPERTY

Conrad SarrealMatthews Real Estate Investment ServicesMore Info
214-692-2847

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Conrad SarrealMatthews Real Estate Investment ServicesMore Info
214-692-2847

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