6745 Hwy 64, Oakland, TN 38060
Brand-new O’Reilly Auto Parts store with corporate-guaranteed lease terms and landlord roof-and-structure responsibility.
Property Features for 6745 Hwy 64
General Information
Building Details
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Investment Insights
Based on property information with market context.
The store is located along the main retail corridor in Oakland, Tennessee, directly across the street from a Wal-Mart Supercenter.
A new 20-year NNN lease is in place with 6% rent increases in years 11 and 16, and also during each of the four subsequent 5-year option periods. The lease is backed by a corporate guarantee from O’Reilly Automotive Inc. (S&P Investment Grade Credit Rating of BBB+).
Key Highlights
- Brand‑new single‑tenant O’Reilly Auto Parts store in Oakland, TN delivered to tenant on October 3, 2017
- New 20‑year NNN lease with 6% rent increases in years 11 and 16 and in each of the 4 subsequent 5‑year option periods
- Tenant lease backed by a corporate guarantee from O’Reilly Automotive Inc. (S&P Investment Grade Credit Rating: BBB+)
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 38060, TN
Market
Vacancy Rate% for Retail in South region