O'Reilly Auto Parts - Iron Mountain, MI

1907 S Stephenson Ave, Iron Mountain, MI, 49801, US

描述

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in O’Reilly Auto Parts located at 1907 S Stephenson Ave, Iron Mountain, MI (the "Property" or the “Asset"). O’Reilly Auto Parts operates under a 20-year NN lease with approximately 8.7 years of primary lease term remaining and three five-year renewal options each featuring 6% rental escalations. The property benefits from below-market rental rates, providing future upside for investors.

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属性

建筑净面积

669 平方米

占用率

100%

建成年份

2014

土地总面积

5.35 公顷

加权平均未到期租赁期

8.7 年

媒体

投资亮点

Strong tenant credit with market-leading position as one of the largest retailers in the automotive segment
8.7 years of primary lease term remaining with 6% annual rent escalations
Top performing store with proven customer demand
Neighbors Walmart Supercenter that attracts more than 2.2 million annual visits
Ranks as 3rd most visited O'Reilly in a 50-mile radius