For Sale
$2,650,000

304 Walker St Orland, CA 95963

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple interest in a 6,500-square-foot Class A O'Reilly Auto Parts building located at 304 E Walker St, Orland, CA 95963. The property sits on a 0.58-acre lot and boasts a 100% occupancy rate with a credit-rated, corporate-guaranteed tenant. The current lease, a Net Lease (NNN) with the landlord responsible only for slab and walls, commenced September 1, 2007, and has a remaining term of approximately 9.4 years, expiring April 30, 2034. A recent 10-year lease extension was executed, securing the property's income stream well into the future. The lease includes a 5% rent increase in year 6, providing built-in growth. The property generates a Net Operating Income (NOI) of $139,090, resulting in a 5.25% cap rate. Built in 2007 with all-block construction, this single-story building enjoys a prime location on a major retail thoroughfare in Orland, experiencing high daily traffic volume from both Walker Street and the proximity to Interstate 5. Nearby businesses include Round Table Pizza, State Farm, and several other national retailers. This is a rare opportunity to acquire a stable, high-performing investment with a strong tenant and significant remaining lease term. The property's location, tenant quality, and lease terms make it an attractive investment for discerning buyers. The asking price is $2,650,000, translating to a price per square foot of $407.69. The lease includes a 1-5 year option.

Highlights

  • $2,650,000 asking price for a 6,500 square foot O'Reilly Auto Parts retail building.
  • Net lease (NNN) with a credit-rated, corporate-guaranteed tenant.
  • 9.4 years remaining on a 10-year lease extension, expiring April 30, 2034; 5% rent increase in year 6.
  • Class A building, single-tenant occupancy (100%), located on a 0.58-acre lot in Orland, CA.
  • 5.25% cap rate with a current NOI of $139,090; $407.69 price per square foot.

Property Details for 304 Walker St

Property type
Retail properties, Auto shops
Square Feet
6,500 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
25,265 SF
Units
1

Location Insight

City
Orland
County
Glenn
State
California
Latitude
39.747692
Longitude
-122.1773101

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 304 Walker St Orland, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: $2,650,000 asking price for a 6,500 square foot O'Reilly Auto Parts retail building.; Net lease (NNN) with a credit-rated, corporate-guaranteed tenant.; 9.4 years remaining on a 10-year lease extension, expiring April 30, 2034; 5% rent increase in year 6.
How can I contact the broker?
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304 Walker St
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