Properties

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