For Sale
$2,100,000

6464 Ga-42Rex, GA 30273

High-return O'Reilly Auto Parts investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts store in Rex, Georgia, situated on a 1.34-acre lot. Built in 2019, the property boasts a long-term, net lease with a corporate guarantee from O'Reilly Auto Parts (NASDAQ: ORLY), a publicly traded company with a strong financial track record. The current lease, commencing November 15, 2020, and expiring November 29, 2035, offers a remaining term of 11 years, with four 5-year renewal options, each including a 6% rent increase. The property generates a substantial net operating income (NOI) of $121,716, resulting in a compelling 5.80% cap rate. Strategically located off I-675 with direct frontage on Hwy 42, this location benefits from high visibility and easy access within the Atlanta MSA. The surrounding area demonstrates strong demographics, with a population of 134,161 within a 5-mile radius and a projected 3% increase over the next five years. The property's performance is further enhanced by its proximity to a high-performing grocery-anchored shopping center. This presents a rare opportunity to acquire a stable, high-performing net-leased asset with significant long-term growth potential. The asking price is $2,100,000, translating to $290.66 per square foot.

Highlights

  • Net-leased investment property with O'Reilly Auto Parts (NN lease, 11/16/2020-11/30/2035, 6% rent increase in 2030 and at each 5-year renewal option).
  • Investment-grade corporate guarantee from O'Reilly Auto Parts (S&P BBB, $59B+ market cap).
  • Strong demographics: 5-mile radius with 134,161 population, 50,497 households, $76,012 average household income; projected 3% population growth in next 5 years.
  • Excellent location: I-675 access, Hwy 42 frontage, high visibility, top-performing location for auto parts stores.
  • Across from a high-performing Food Depot grocery-anchored shopping center.

Property Details for 6464 Ga-42

Property type
Retail properties, Auto shops
Square Feet
7,225 SF
Year Built
2019
Lot Size (sq. ft)
58,370 SF
Units
1

Location Insight

City
Rex
County
Clayton
State
Georgia
Latitude
33.57772356
Longitude
-84.28092123
6464 Ga-42, Rex, Georgia

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6464 Ga-42
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