
O'Reilly Auto Parts (Atlanta MSA)
1720 Buford Highway
Cumming, GA 30041
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 7,225
Acreage: +/- 1.13
Price: $2,400,000
Cap Rate: 5.25%
Description:
- 20 year corporate guaranteed lease with three 5 year renewal options and 6% rent bumps
- O’Reilly has 4,850 stores in 47 states, $8.8B annual sales and a market CAP of $18.2B
- Publicly traded (NASDAQ: ORLY) investment grade credit (S&P: BBB+) tenant
- New construction to be completed Fall 2017 between a high deposit Chase Bank and high volume ALDI
- High profile signalized intersection across from a well occupied Publix anchored neighborhood center
- Multiple access points and high exposure with traffic counts between 25,200 and 40,400 AADT on Hwy 20
- Average household incomes of $138,000 in a 1 mile radius with 12% projected growth by 2022
- Population of 102,500 in a 5 mile radius (26% growth since 2010) with 18% projected growth by 2022
- 38 miles north of downtown Atlanta near Lake Lanier, one of the most popular lakes in the U.S. with 7.5M visitors annually


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile