117 G StQuincy, WA 98848

Property Details for 117 G St

Lot size

0.13 AC

Property type

Commercial land

APN

40597000

APU

40597000

Description

This exceptional investment opportunity presents a 7,125 square foot O'Reilly Auto Parts, built in 2023, situated on a 0.64-acre lot in Quincy, Washington. The property boasts a prominent location with significant frontage on WA-28, a major thoroughfare. The 15-year net lease with O'Reilly Auto Enterprises, LLC (a subsidiary of Nasdaq: ORLY, with an S&P rating of BBB+), includes four 5-year renewal options, each with a 6% rent increase commencing in year 11. The property generates a strong NOI of $131,946, representing a 6.00% cap rate on the $2,199,000 asking price. The building is a recent build-to-suit, reflecting the tenant's latest prototype. The property offers 27 parking spaces and benefits from its location in a thriving economic area, home to major employers like Boeing, Microsoft, and Intuit, as well as significant agricultural activity. Its proximity to popular tourist destinations, The Gorge Amphitheatre and Crescent Bar, further enhances its appeal. This is a resilient investment, given the recession-resistant nature of the auto parts industry and the strong creditworthiness of the tenant. The property's strong financials and location make it an attractive addition to any portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $1,356,493

  Hospitality

  $1,242,540

  Educational

  $1,033,779

  Medical

  $1,069,332

  Retail

  $1,608,100

Location Insight

City

Quincy

County

Grant

State

Washington

Latitude

47.2334

Longitude

-119.85

CBSA code

34180

CBSA name

MOSES LAKE, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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