For Sale
$1,020,480

201 Johnson AveJonesboro, AR 72401

High-Yield O'Reilly Auto Parts Property

Overview

Added:
Dec 11, 2024
Days on market:
102

Highlights

  • 6.25% cap rate, $63,780 NOI, significantly below market average rent for comparable O'Reilly Auto Parts locations.
  • O'Reilly Auto Parts has a lease extending through 2034, demonstrating long-term commitment to this location.
  • O'Reilly Auto Parts revenue growth is nearly 10% annually since 2019, and their stock price shows strong performance.
  • High visibility location on E Johnson Ave (19,400 VPD) and proximity to E Main St (15,000 VPD), leading to downtown Jonesboro and Arkansas State University.
  • Tenant (O'Reilly Auto Parts) pays all property taxes and insurance, creating a passive investment opportunity.
  • Roof was reinforced in 2019 with a 10-year warranty.

Property Details for 201 Johnson Ave

Property type
Other retail properties, Automotive properties
Square Feet
6,575 SF
Year Built
2002
Buildings
1
Stories
1

Location Insight

City
Jonesboro
County
Craighead
State
Arkansas
Latitude
35.8448548
Longitude
-90.7033917
201 Johnson Ave, Jonesboro, Arkansas
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201 Johnson Ave
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