304 Walker StOrland, CA 95963

Property Details for 304 Walker St

Year built

2007

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

6,500 SF

Zone code

C-2

Property type

Retail space

APN

041-090-024-000

APU

41090024000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,722,022

  6.5%

  $1,589,559

  7%

  $1,476,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,338,736

  Geo Method

  $2,338,736

• Alternative Use

  Use

  Valuation

  Residential

  $1,340,853

  Hospitality

  $1,228,214

  Educational

  $1,021,859

  Medical

  $1,057,003

  Retail

  $1,589,559

Location Insight

City

Orland

County

Glenn

State

California

Latitude

39.7476

Longitude

-122.177

Property Tax & Assessments

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