6464 Ga-42 Rex, GA 30273
This exceptional investment opportunity presents a 7,225 square foot O'Reilly Auto Parts store in Rex, Georgia, situated on a 1.34-acre lot. Built in 2019, the property boasts a long-term, net lease with a corporate guarantee from O'Reilly Auto Parts (NASDAQ: ORLY), a publicly traded company with a strong financial track record. The current lease, commencing November 15, 2020, and expiring November 29, 2035, offers a remaining term of 11 years, with four 5-year renewal options, each including a 6% rent increase. The property generates a substantial net operating income (NOI) of $121,716, resulting in a compelling 5.80% cap rate. Strategically located off I-675 with direct frontage on Hwy 42, this location benefits from high visibility and easy access within the Atlanta MSA. The surrounding area demonstrates strong demographics, with a population of 134,161 within a 5-mile radius and a projected 3% increase over the next five years. The property's performance is further enhanced by its proximity to a high-performing grocery-anchored shopping center. This presents a rare opportunity to acquire a stable, high-performing net-leased asset with significant long-term growth potential. The asking price is $2,100,000, translating to $290.66 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.