For Sale
$1,104,000

1275 Main StVidor, TX 77662

Texas Auto Parts Store Investment

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a fee-simple, absolute NNN-leased O'Reilly Auto Parts store in Vidor, Texas. Located at 1275 N Main St, Vidor, TX 77662, this 8,005 square foot property sits on a 0.83-acre lot and boasts a strong 100% occupancy rate. The current lease, commencing July 1, 2007, and expiring June 30, 2034, provides a remaining term of approximately 9.6 years with two, five-year lease options. The tenant, O'Reilly Auto Parts, is a credit-rated national brand with a proven track record. The property generates a substantial net operating income (NOI) of $60,728, resulting in a compelling 5.50% cap rate. The asking price is $1,104,000, translating to $137.91 per square foot. This property offers significant tax advantages due to its fee-simple ownership, unlike many comparable properties which are ground leases. The strategic location across from an expanded Walmart Supercenter further enhances the property's value and long-term potential. This is a rare opportunity to acquire a passively managed, high-performing retail investment with a strong tenant and substantial remaining lease term. Rent bumps are detailed in the rent roll. The property is a single-unit freestanding auto parts store. All taxes, insurance, and maintenance responsibilities are the tenant's responsibility under the absolute NNN lease structure.

Highlights

  • Fee-simple, absolute NNN-leased O'Reilly Auto Parts store in Vidor, TX.
  • Strong tenant, O'Reilly Auto Parts, with a long-term lease (approx. 9.6 years remaining, plus options).
  • Prime location across from a Walmart Supercenter.
  • Favorable rent, significantly below O'Reilly's average store rent.

Property Details for 1275 Main St

Property type
Retail properties, Auto shops
Square Feet
8,005 SF
Lot Size (sq. ft)
36,155 SF
Units
1

Location Insight

City
Vidor
County
Orange
State
Texas
Latitude
30.141574
Longitude
-94.0161969
1275 Main St, Vidor, Texas

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1275 Main St
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