For Sale
$2,435,000

740 Main St Angels Camp, CA 95222

High-yield O'Reilly Auto Parts NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a 7,086 square foot O'Reilly Auto Parts store located at 740 S Main St, Angels Camp, CA 95222. The property sits on a 29,100 square foot lot and benefits from a strong absolute NNN lease with a corporate guarantee, ensuring consistent cash flow. The current lease extends to December 31, 2034, offering a substantial remaining term of 10.1 years. Rent increases are built in, with a 7.5% bump every five years, providing built-in protection against inflation. The property boasts a compelling 5.51% cap rate and a net operating income (NOI) of $134,064. This single-tenant retail property is ideally situated along a main corridor in Angels Camp, Calaveras County, near the Sierra Foothills, offering excellent visibility and accessibility. The lease includes five 5-year options, providing long-term stability and potential for future growth. This is a rare opportunity to acquire a high-quality, passively managed investment with a blue-chip tenant and significant remaining lease term. The property is categorized as both an auto shop and storefront.

Highlights

  • $2,435,000 asking price for a 7,086 SF retail property.
  • Absolute NNN net lease with a corporate guarantee from O'Reilly Auto Parts.
  • 10.1 years remaining on the lease, expiring December 31, 2034, with five 5-year renewal options.
  • 5.51% cap rate and $134,064 annual net operating income (NOI).
  • 7.5% rent increases every five years.

Property Details for 740 Main St

Property type
Retail properties, Retail space
Square Feet
7,086 SF

Location Insight

City
Angels Camp
County
Calaveras
State
California
Latitude
38.075209055709
Longitude
-120.54572330032

FAQs

What type of property is this?
Retail property - High-yield O'Reilly Auto Parts NNN lease.
Where is the retail property located?
The property is located at 740 Main St Angels Camp, CA.
What is the asking price?
The asking price for this property is $2,435,000.
What are key features of this property?
This property features: $2,435,000 asking price for a 7,086 SF retail property.; Absolute NNN net lease with a corporate guarantee from O'Reilly Auto Parts.; 10.1 years remaining on the lease, expiring December 31, 2034, with five 5-year renewal options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
740 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message