304 E Walker St - Freestanding FOR SALE


Orland, CA 95963
$2,650,000 USD
602-790-9036
304 E Walker St, Orland, CA for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/8
null | 5.25% Cap Rate

304 E Walker St
Orland, CA 95963


HIGHLIGHTS

  • Brand New 10 Year Early Extension
  • 5% Rental Increases every 5 years
  • Rare NNN Lease
  • All Block Construction
  • Investment Grade Tenant
  • Successful location with over 17 years of operating history

OVERVIEW

RDO Investments is pleased to present 304 East Walker Street, a 6,500 square foot freestanding O’Reilly Auto Parts located in the heart of Orland, California.   The investment provides the rare opportunity to acquire a RARE NNN, fee simple interest in a class “A” O’Reilly Auto Parts retail location. The building was constructed in 2007 and has an upgraded block construction. The site is located off of Walker Street, the main retail thoroughfare which runs east/west throughout Orland. There are over 8,900 vehicles which pass in front of the site each day. Interstate 5 is located just west of the site with an estimated 29,000 vehicles per day and is the main highway connecting Seattle Washington to San Diego, California. The property has excellent ingress and egress from both Walker Street and Papst Avenue through shares access from the neighboring free standing Round Table Pizza. CSK Auto which was acquired by O'Reilly Auto Parts signed a 15 year NNN lease in 2007. The Tenant recently extended early to a NEW 10 YEAR LEASE which expires in April 2034. The lease has one 5% increase in Year 6 with an additional 5% increase in the option period.. The NNN lease has Landlord responsible for Slab and Walls ONLY; which is extremely rare in O’Reilly Leases. Area retailers include Round Table Pizza, State Farm, SAV MOR Foods, T Mobile, US Bank, Cricket, Stop & Shop, and Pap Murphy's.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

5.25%

% 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

2007

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C

APN/PARCEL ID

041-090-024-000

ASK ABOUT THIS PROPERTY

Ryan O'ConnellRDO Investments LLCMore Info
602-790-9036

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Ryan O'ConnellRDO Investments LLCMore Info
602-790-9036

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