3030 W Lincoln Way - Freestanding FOR SALE
South Bend, IN 46628 |
$830,000 USD
512-430-4466
3030 W Lincoln Way
South Bend, IN 46628
HIGHLIGHTS
- CREDIT TENANT: O’Reilly Automotive, Inc. (NYSE: ORLY), with a robust $67B market cap and Investment Grade credit (S&P Rated: BBB)
- FRESHLY SIGNED EARLY LEASE EXTENSION: O’Reilly agreed to an early extension of the lease for an additional FIVE YEARS
- STRONG RETAIL POSITIONING: Situated on the busy East/West Lincoln Way with approximately 19,000 VPD passing by, the subject property
- BELOW REPLACEMENT COST: Construction costs have risen rapidly in recent years, new construction auto parts stores currently ranging from $1.75-2.50mm
- ASYMMETRIC VALUE: O’Reilly moved into a former Blockbuster in 2007, paying significantly less than the typical $100,000 to $150,000 rents
FOR SALE DETAILS
PRICE
$830,000 USD
PRICE/SF
$113 USD /SF
CAP RATE
6.89%
% 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
1995
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
CB
APN/PARCEL ID
71-08-03-102-003.000-026
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512-430-4466
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512-430-4466
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