O’Reilly Auto Parts (Corporate)
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531 FM 120 Pottsboro, TX 75076
Description
DuWest Realty Investment Services is pleased to offer a brand-new corporate O’Reilly Auto Parts ground lease in Pottsboro, Texas, about 10 miles north of Sherman and 5 miles west of Denison. The newly constructed building (October 2021) is just off the intersection of Highway 289 and FM 120, the town’s primary intersection. It is directly across the street from Brookshire’s, Pottsboro’s only supermarket. The building is O’Reilly’s prototype (7,228 square feet) and sits on a 1.0 acre of land. It has excellent visibility from the highway intersection with easy access from all directions. O’Reilly is scheduled to open for business in October 2021, with a projected rent commencement of October 23, 2021. The 15-year NNN lease commences at a healthy $14.85 per square foot and includes a 6% rental increase in Year 11. There are five, 5-year options with 6% rental increases in each. The asset presents a strong long-term investment for any buyer looking for a stable, passive cash flow from a strong corporate tenant.
Investment Highlights
- 15-Year Corporate Lease
- Strong Credit Tenant
- Brand New Build-to-Suit
- O’Reilly Prototype Building
Square Feet
7,228 SF
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O’Reilly Auto Parts (Corporate)
531 FM 120 Pottsboro, TX 75076