O'Reilly Auto Parts Automotive
For Sale
$2,318,000
10123 County Line Rd, Spring Hill, FL 34608
Newly constructed automotive retail building with on-site parking and a long-term lease structure.
Property Size6,888 SF
Lot Size2.24 Acres
Price / SF$336.53
Days on Market48
Property Features for 10123 County Line Rd
General Information
Standard status
Active
Size
6,888 SF
Lot size
2.24 Acres
Property subtype
Auto Service - Gas-Conv
Lease Type
NN
Site & Location
Traffic Count
18,500 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.5%
Amenities
LEASE: - 11+ Years Remaining on 15-Year Base Term - Limited Landlord Responsibilities – Just Roof & Structure - 6% Rent Increases Every 5 Years Starting at Year 11 - Four, 5-Year Options
PROPERTY HIGHLIGHTS: - New Construction – Built in 2023 - The building is situated on a large 2.24-acre parcel - 6,888 SF Building with Ample On-Site Parking
LOCATION / SPRING HILL, FL: - 18,500 Cars Per Day on County Line Road - Strong population density and projected population growth: 3,500 (one-mile) | 43,000 (three-mile) | 110,000 (five-mile)
Building Details
Building Size
6,888 SF
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Reid Thedford · License #License(s): FL: SL3442474
(813) 387-4726
Source:
Marcusmillichap
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 20 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
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Investment Insights
Based on property information with market context.
This automotive property includes a 6,888-square-foot building completed in 2023 on a 2.24-acre parcel. The site includes on-site parking and is occupied by O'Reilly Auto Parts under a 15-year base term with more than 11 years remaining. The lease provides for four additional five-year options, 6% rent increases every five years beginning in year 11, and limited landlord responsibilities covering the roof and structure.
Located at 10123 County Line Rd in Spring Hill, Florida, the property benefits from reported traffic of 18,500 cars per day on County Line Road. The surrounding area includes Publix, McDonald's, Starbucks, Chipotle, Taco Bell, Culver's, Walgreens, Advance Auto Parts, AutoZone, and an under-construction Walmart. The offering also includes a reported 5.50% cap rate.
Located at 10123 County Line Rd in Spring Hill, Florida, the property benefits from reported traffic of 18,500 cars per day on County Line Road. The surrounding area includes Publix, McDonald's, Starbucks, Chipotle, Taco Bell, Culver's, Walgreens, Advance Auto Parts, AutoZone, and an under-construction Walmart. The offering also includes a reported 5.50% cap rate.
Key Highlights
- 6,888 SF automotive retail building completed in 2023
- Situated on a 2.24‑acre parcel with on‑site parking
- More than 11 years remain on the 15‑year base term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,689
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,780
$1.8M
Cap Rate 7%
$1,266,986
$1.3M
Cap Rate 9%
$985,433
$985.4K
Market Conditions
NOI Build-Up for 6,888 SF
Gross rent
$136.4K $19.80/SF
− Vacancy
−$9.7K −$1.41/SF
EGI
$126.7K $18.39/SF
− OpEx
−$38.0K −$5.52/SF
NOI
$88.7K $12.88/SF
Area
Spring Hill, FL
Vacancy
7.10%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,780
Cap Rate 7%
$1,266,986
Cap Rate 9%
$985,433
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,689 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$950.2K
$831.4K – $1.11M
NOI $66,515 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,157 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
215k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 37%
Groceries 17%
Electronics 4%
Publix
Groceries
36,195 visits/mo
0.4 miles
Circle K
Shops & Services
35,125 visits/mo
0.4 miles
McDonald's
Dining
27,067 visits/mo
0.2 miles
Starbucks
Dining
18,107 visits/mo
0.3 miles
Speedway
Shops & Services
15,661 visits/mo
0.3 miles
Demographics for 34608, FL
34,363
Population
15,253
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
15.2 sq mi
ZIP Area
2,261
Density / Sq Mi
$62,197
Median Household Income
$36,740
Median Earnings
$1,207
Median Rent
$237,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 18825 Old Shady Hills Rd, Spring Hill, FL 34610
- Affordable Transportation Services LLC — 15120 county line rd #100, spring hill, fl 34610
- Enterprise Rent-A-Car — 15320 County Line Rd, Spring Hill, FL 34610
- County Line Mini Storage — 111 Peach Tree Dr, Spring Hill, FL 34608
- Compass Self Storage — 10161 County Line Rd, Spring Hill, FL 34608
Frequently Asked Questions
What type of property is this?
Automotive property - Newly constructed automotive retail building with on-site parking and a long-term lease structure.
Where is this automotive property located?
The property is located at 10123 County Line Rd Spring Hill, FL.
What is the asking price?
The asking price for this property is $2,318,000.
What are key features of this property?
This property features: 6,888 SF automotive retail building completed in 2023; Situated on a 2.24‑acre parcel with on‑site parking; More than 11 years remain on the 15‑year base term
