O’REILLY AUTO PARTS | BOONEVILLE, ARKANSAS

Purchase Price
$366,818
Location
70 E. Main Street
Cap Rate
5.50%
Annual Rent
$20,175.72
Building Size
7,252 SF
Land Area
0.24 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
4.75 Years
LEASE EXPIRATION
06/30/2026
Renewal Options
Four (4) - Five (5) Year
RENT INCREASES
5% at Options
Parking
7 Spaces
Year Built
1972
APN
800-00917-000
Traffic Counts
10,838 VPD

INVESTMENT HIGHLIGHTS

 

PROPERTY INFORMATION:

  • 4.75 Years Remaining in the Current Term
  • Four (4) - Five (5) Year Renewal Options
  • Long Term Operating History in Excess of 20 Years
  • NN Lease - Landlord Responsibilities Limited to Roof, Parking Lot, and Structure
 

LOCATION:

  • Located at Hard Corner Signalized Intersection - Main on Main
  • Located on the Main Thoroughfare in Town - Traffic Counts of 10,838 Vehicles per Day
  • Nearby Tenants Include: McDonald's, Walmart, Tractor Supply, Verizon, Dollar General and Dollar Tree
 

PROXIMITY FROM BOONEVILLE, ARKANSAS:

  • Fayetteville, Arkansas | 94 Miles
  • Conway, Arkansas | 98 Miles
  • Tulsa, Oklahoma | 154 Miles
  • Oklahoma City, Oklahoma | 219 Miles
  • Gainesville, Texas | 251 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 3,377 Residents
  • 1-Mile Average Household Income = $47,526
  • 3-Mile Population = 4,941 Residents
  • 3-Mile Average Household Income = $51,534
  • 5-Mile Population = 6,203 Residents
  • 5-Mile Average Household Income = $54,606
  • 7-Mile Population = 8,045 Residents
  • 7-Mile Average Household Income = $56,940
 

TENANT:

  • O'Reilly Automotive, Inc. (NASDAQ: ORLY)
  • Strong Corporate Guaranty (NASDAQ: "ORLY") - O'Reilly Automotive, Inc. is Rated "BBB+" by Standard & Poor's
  • O'Reilly Auto Parts Boasts a Stronger S&P Credit Rating than Both AutoZone (BBB) and Advance Auto Parts (BBB-)
  • 5,710 Stores Located in 47 States as of June 30, 2021

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