9429 NC Highway 127 - Freestanding FOR SALE


Hickory, NC 28601
$1,775,000 USD
949-903-3399
9429 NC Highway 127, Hickory, NC for Sale
$1,775,000 USD
Freestanding - FOR SALE
1/4
null | 5.76% Cap Rate

9429 NC Highway 127
Hickory, NC 28601


HIGHLIGHTS

  • Long Term Corp Lease (15.5 Yrs.) by O’Reilly Auto Parts - Market CAP $46.25B
  • One of Largest Specialty Retailers of Automotive Parts/Accessories in U.S.
  • 6% Rent Bumps Every 5 Yrs. - All Options - Minimal LL Duties - Includes Roof Warranty
  • Outparcel to Grocery-Anchored Shopping Center) - Monument Signage
  • Affluent Suburb outside Charlotte - Strong Demo’s ($118K HHI) - Population Growth
  • Small Price Point - Lower Rents/Downside Risk - Minimal LL Duties - Near University

OVERVIEW

The Snyder Carlton Team is pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant net leased asset that is fully occupied by O’Reilly Auto Parts (NASDAQ: ORLY) with over 15.5 lease years remaining. Located in Hickory, NC, the property comprises a ~7,225 SF building on a 0.82-acre lot and is positioned as an outparcel to the grocery anchored shopping center, Bethlehem Village Shopping Center. The property benefits from easy access and good visibility along State Route 127 as well as being the primary daily needs retail destination serving the surrounding community. This is an excellent opportunity to own an investment grade credit tenant (NASDAQ: ORLY – rated “BBB+” by S&P) with over 15.5 years of lease term remaining, 10% rental increases every 5 years and minimal landlord management responsibilities.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

5.76%

% 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

2018

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

0004718

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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