For Sale
$2,451,000

9595 Us-30Irwin, PA 15642

Net-leased auto parts store, strong tenant.

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 Irwin, Pennsylvania. The property boasts a 15-year net lease (NN) with O'Reilly Auto Parts, an investment-grade tenant rated BBB by Standard & Poor's, commencing January 2, 2019, and expiring January 1, 2034. With approximately 9.1 years remaining on the primary lease term and four renewal options, this offering provides significant long-term stability. The lease includes contractual rent increases every five years, ensuring consistent yield growth. Built in 2018, this newer construction minimizes deferred maintenance concerns for the new owner, further enhanced by a long-term transferable manufacturer's roof warranty. The property enjoys excellent visibility and accessibility, situated on US-30 (Lincoln Highway), a major thoroughfare with over 27,000 vehicles passing daily, and featuring two points of ingress/egress. Its strategic location less than a mile from I-76 and the Pennsylvania Turnpike, which sees over 38,000 vehicles daily, provides exceptional regional access. The surrounding area is densely populated, with over 36,000 people within a 3-mile radius and average household incomes nearing $88,000. The property is also conveniently located near numerous national retailers, including Target, Walmart, and others, solidifying its position within a thriving retail corridor. The asking price is $2,451,000, representing a 5.90% cap rate and a NOI of $144,624. The 1.025-acre lot provides ample space for the well-established business.

Highlights

  • Investment-grade tenant, O'Reilly Auto Parts, with a BBB Standard & Poor's rating, provides corporate lease guarantee.
  • 2018 construction minimizes deferred maintenance.
  • 15-year lease (2019 commencement) with 10+ years remaining and four 5-year renewal options.
  • Lease includes built-in rental increases every five years.
  • High visibility location on Route 30 (Lincoln Highway), with excellent access and over 27,000 vehicles passing daily.
  • Prime retail corridor, less than one mile from major national retailers including Target, Walmart, and others.

Property Details for 9595 Us-30

Property type
Retail properties, Auto shops
Square Feet
7,225 SF
Lot Size (sq. ft)
44,649 SF

Location Insight

City
Irwin
County
Westmoreland
State
Pennsylvania
Latitude
40.323998989298
Longitude
-79.701166626548
9595 Us-30, Irwin, Pennsylvania

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9595 Us-30
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