Single-Tenant Auto Parts Retail
For Sale
Contact for pricing
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 SizeContact for details
Days on Market124
Property Features for 6745 Hwy 64
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Wells Net Lease Group
Listed By:
Harjot Gill · License #FL SL3395471
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:15PM
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 Wells Net Lease Group
Investment Insights
Based on property information with market context.
The subject property is a brand-new, single-tenant O’Reilly Auto Parts store. The property was delivered to the tenant on October 3, 2017 and is supported by a new 20-year roof warranty. The landlord’s responsibility is limited to the roof and structure only.
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+).
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
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 38060, TN
11,649
Population
5,124
Households
2.3
Avg Household Size
44
Median Age
29%
College-Educated
93%
High-School Grad
44.9 sq mi
ZIP Area
259
Density / Sq Mi
$84,277
Median Household Income
$48,081
Median Earnings
$1,478
Median Rent
$293,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Brand-new O’Reilly Auto Parts store with corporate-guaranteed lease terms and landlord roof-and-structure responsibility.
Where is this retail space located?
The property is located at 6745 Hwy 64 Oakland, TN.
What are key features of this property?
This property features: 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+)
