O'Reilly Auto Parts NNN Property For Sale — Grapevine, TX
303 S. Park Blvd., Grapevine, TX 75061
This O'Reilly Auto Parts property offers an exceptional investment opportunity with a true NNN lease, ensuring minimal landlord responsibilities. The tenant has demonstrated strong performance by exercising their first option early at this proven retail location. This asset is ideal for investors seeking a stable income stream and is perfectly suited for a 1031 exchange.
- Address: 303 S. Park Blvd., Grapevine, TX 75061
- Asking price $1.29M
- 7.63% cap rate
- NOI $98,494
- 8 years remaining
- NNN lease
- Building size: 7,500 SF
- Lot size: 1.13 acres
- Lease expiration: Dec 31, 2014
- Rent increases: three 5-yr options with 10% bump
- Guarantor: Corporate
Location
This O'Reilly Auto Parts property is at 303 S. Park Blvd. in Grapevine, Texas.
Asset type: Retail - Free Standing