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Phone:212.972.3947Fax:[email protected] www.exp1031.com
Price: $2,612,300 | NOI: $138,454 | CAP:5.30%ExclusiveOffering
❖O’Reilly Auto Parts| S&P Rating: “BBB+” InvestmentGrade
❖ Brand New 20 Year Lease with 9% increase in Year 10 | 2017 Construction
❖ 10th Largest City in NYC Metropolitan Area | 9th Largest City in NewEngland
❖ 160,000 people within 5 miles of theproperty
❖ Surrounded by Wal-Mart, Stop & Shop, ShopRite, McDonald’s among others
❖ The property is located 1.5 hours north of New York City
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Representative Photo
O’Reilly Auto PartsBrand New Build to Suit
556 Wolcott St, Waterbury, CT
O’Reilly Auto Parts
Investment Overview
PROPERTYOVERVIEW:EXP Realty Advisors exclusively presents for sale this new O’Reilly Auto Parts located in Waterbury, CT. The 7,225 s/fbuilding is brand new, ground up construction with a rent commencement in May 2017 and situated on 1.50 acres ofland. The property is located on Wolcott Street, which has traffic counts above 25,000 VPD. Walmart, the NaugatuckValley Mall, Shop & Shop, and ShopRite are all in close proximity of the property along Wolcott St. The 856,844 SF BrassMill Center, anchored by Macy’s, Sears, Burlington Coat Factory, Regal Cinemas, Shoppers World, and JC Penney, is anapproximately five minute drive southwest of the property.
LOCATIONOVERVIEW:Waterbury is a city in the state of Connecticut on the Naugatuck River, 33 miles southwest of Hartford and 77 milesnortheast of New York City. It is the fifth most populous city in the state of Connecticut, the ninth in New England, andthe tenth in the greater New York City Metropolitan Area. Located in New Haven County, the city had an estimatedpopulation of 110,366 at the 2010 United States Census, with a population density of 3,866 people per square mile.Within five miles of the property, the Average Household Income is estimated to be over $65,000.
LEASESUMMARY:RentCommencement: Lease Expiration: Current Rent: Escalations:Options:OptionsEscalations: LeaseType:
May 1st, 2017May 31st, 2037$138,4549% in Year 10 to $150,915 Four (5) YearOptions8% Rental Increase in each optionNet Lease – Landlord responsible for roof & structure (both currently new and under warranty). Tenant carries insurance and names landlord as additional loss
payee. Tenant pays real estate taxes directly.
TENANT OVERVIEW: O’Reilly Auto Parts| NASDAQ: ORLY| S&P Rating: BBB+ Investment GradeO’Reilly Automotive, Inc. is an American auto parts retailer that is one of the largest specialty retailers of automotiveaftermarket parts, tools, supplies, equipment, and accessories in the United States serving both the professionalservice providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the company operates morethan 4,500 stores in 44 states, including Alaska and Hawaii. In 1993, the company completed an initial public offering,and it now trades on the NASDAQ market under the symbol ORLY. In 2008, the company completed the largestacquisition in its history, with the purchase of CSK Auto, which made O’Reilly the third largest auto parts chain in thecountry after Advance Auto Parts and AutoZone. The company continues to plan for growth and expansion.
INVESTMENTSUMMARY
Price: $2,612,300
CAP Rate: 5.30%
NNN Rent: $138,454
Bld. Sq Ft: 7,225sf
Land Size: 1.50acres
Lease Type: Net Lease
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. INVESTMENTOVERVIEW
O’Reilly Auto Parts
Competition Aerial
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL
O’Reilly Auto Parts
Competition Aerial
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. AERIAL
O’Reilly Auto Parts
LocationMap
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP
O’Reilly Auto Parts
LocationMap
This information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. LOCATIONMAP
Contact Us
EXP Realty Advisors52 Vanderbilt Ave
Suite 2014New York, NY 10017www.exp1031.com
Our Team
Dan De Sa’Director of Sales
Phone: (646) 850-9837E-mail: [email protected]
Robert JamesPresident
Phone: (212) 686-0072E-mail: [email protected]
In association with Connecticut RE License:
REB.0791518
DEMOGRAPHICSThis information has been obtained from sources deemed reliable, however EXP Realty Advisors does not guarantee, warranty or represent its accuracy.It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
O’Reilly Auto Parts
Demographic Data
Radius 3 Miles 5 Miles 10 Miles
Population:
2021 Projection 99,735 159,249 355,439
2016 Estimate 100,172 159,904 356,571
2010 Census 101,439 161,357 358,275
Growth 2016-2021 (0.44%) (0.41%) (0.32%)
Growth 2010-2016 (1.25%) (0.90%) (0.48%)
2016 Population Hispanic Origin 34,397 41,475 55,332
2016 Population by Race:
White 70,810 122,900 302,912
Black 22,554 27,225 34,196
Am. Indian & Alaskan 1,035 1,245 1,734
Asian 2,117 3,632 9,529
Hawaiian & Pacific Island 134 158 260
Other 3,522 4,744 7,940
U.S. Armed Forces: 48 69 138
Households:
2021 Projection 38,521 60,900 136,686
2016 Estimate 38,691 61,158 137,143
2010 Census 39,212 61,773 137,935
Growth 2016 - 2021 (0.44%) (0.42%) (0.33%)
Growth 2010 - 2016 (1.33%) (1.00%) (0.57%)
Owner Occupied 18,108 35,065 93,820
Renter Occupied 20,583 26,094 43,324
2016 Avg Household Income $54,534 $65,091 $82,719
2016 Med Household Income $40,263 $48,551 $64,373
2016 Households by Household Inc:
<$25,000 13,398 17,302 27,795
$25,000 - $50,000 9,582 14,060 27,156
$50,000 - $75,000 6,443 10,395 23,613
$75,000 - $100,000 3,857 7,298 18,173
$100,000 - $125,000 2,359 4,796 13,658
$125,000 - $150,000 1,162 2,672 8,738
$150,000 - $200,000 1,230 2,916 10,665
$200,000+ 661 1,719 7,346
