O'Reilly's Auto Parts

Retail-Commercial for Sale
Catylist Listing ID: 30672993
Property Subtypes: Free-Standing Building
Building Size (RSF): 8,405 SF
Gross Land Area: 25,740 SF
Sale Price: $450,000
Unit Price: $53.54 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: O'Reilly's Auto Parts
Usable Size (USF): 8,405 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2021

Overview / Comments

Nice sized deal in Central City, NE. Corporately leased property to O'Reilly's Auto parts still in the initial term of the lease, with five 5 year options with increases. O'Reilly's completely remodeled the store in 2014 showing their commitment to this location. Nearby retailers include Dollar General, Dairy Queen, Casey's, etc. Located on the busy US Hwy 30, with great visibility. The Lease is NNN.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $5,927 (Annual)
Tax Value Land $50,220
Tax Value Improvements $291,840
Assessed Value - Total($) $342,060 (Annual)
Net Operating Income $26,400 (Annual)

Additional Details

Nearest MSA: Grand Island
County: Merrick
Taxing Authority: Merrick County
Tax ID/APN: 0002331.00
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: US Hwy 30
Highway Access: US Hwy 30
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,405 SF
Property Condition: Good
Year Built: 1962
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Aluminum Siding
Exterior Description: Aluminum Siding, Block and Brick
Total Parking Spaces: 30
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Other
Lot Frontage: 198'
Lot Depth: 130'
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Fee Simple
Legal Description: Lengthy - Call Agent.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 956 3,283 3,283
Median Age: 34.22 42.11 42.11
Households: 347 1,359 1,359

Contact

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