O’Reilly Auto Parts | Top Performing Store Nationwide

  • $1,908,000
503, Hamlin Street, Lake Wales, Polk County, Florida, 33853, United States, Florida
  • Auto Parts, Auto Shop
  • Property Type
  • Corporate
  • Guarantee
  • Double Net (NN)
  • Lease Type
  • 6.0%
  • CAP Rate
Featured For Sale Double Net (NN)
O’Reilly Auto Parts | Top Performing Store Nationwide
503, Hamlin Street, Lake Wales, Polk County, Florida, 33853, United States, Florida
  • $1,908,000

Property Summary

  • Property Size: 7,372 SF
  • Land Area: 1.59 AC
  • Year Built: 2015
  • Property Type: Auto Parts, Auto Shop
  • Property Status: For Sale
  • Lease Type: Double Net (NN)
  • Guarantee: Corporate
  • CAP Rate: 6.0%
  • NOI: $114,480
  • Lease Term: 10 years Remaining

Investment Highlights

O’REILLY AUTOMOTIVE (NYSE: ORLY) | STRONG FINANCIAL COMPANY WITH MORE THAN 6,000 STORES ACROSS THE UNITED STATES
  • O’Reilly Automotive operates over 6,000 U.S. stores, with plans for further expansion through new construction and supply chain enhancements.
  • Corporate Guarantee | O’Reilly Automotive (NYSE: ORLY) is a publicly traded company with strong financials and a recession-proof business model.
  • O’Reilly’s strong financials and steady sales growth highlight its resilience and status as a trusted name in the automotive aftermarket industry.
  • Same-store sales increased 4.3% yearover- year, with a 10.6% rise in net sales driven by operational excellence and strategic growth initiatives.
TENANT COMMITMENT TO LOCATION | DOUBLE NET (NN) LEASE INVESTMENT | LIMITED LANDLORD RESPONSIBILITIES
  • O’Reilly’s long-term lease reflects its commitment to the property, with limited landlord responsibilities under a double net lease.
  • Landlord responsibilities are limited to structural systems, roof, foundation, and specific replacements, reducing maintenance burdens.
  • Original Lease Term (2015–2035): Rent increases from $108,000 to $114,460 in 2025, a 6% rise over the first 10 years.
  • The lease includes 6% rental increases for each option period, enhancing long-term value.
  • O’Reilly’s net lease structure provides a lowrisk, inflation-hedged investment with stable, long-term returns.
LOCAL MARKET MEETS CORPORATE SITE CRITERIA | HIGHLIGHTS TENANT PROFITABILITY IN REGIONAL LOCATIONS
  • High traffic count of 28,493 vehicles per day ensures strong visibility and customer flow, supporting O’Reilly’s success.
  • Strategic site selection targets profitable small-town locations with limited competition and demand for local auto parts suppliers.
  • Positioned in a high-traffic area with favorable demographics, this store is a vital resource in the regional automotive parts market.
SURROUNDED BY NATIONAL RETAILERS | TAX FREE INCOME STATE
  • The O’Reilly property is conveniently situated near national retailers like McDonald’s, Taco Bell, Harbor Freight, RaceTrac, Wendy’s, Olive Garden, and 7-Eleven.
  • Florida property ownership offers tax advantages for buyers from income tax-free states, enhancing returns beyond the base CAP rate.
  • Address 503 Hamlin St, Lake Wales, FL
  • State/county Florida
  • Zip/Postal Code 33853

The representation contained on this internet page has been secured from sources deemed to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. The information has not been independently verified. Principals are advised to conduct a thorough due diligence review for any potential transaction. Value Net Lease Partners name and logo are used herein for informational purposes only.

Get in Touch with Us

Newsletter

Get customized property and industry insights sent right to your inbox.


© 2024 value net lease. All rights reserved.

Compare listings

Compare
Nick Cartus
  • Nick Cartus